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Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life
book

Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life

by Ph.D. Moshe A. Milevsky
January 2010
Beginner content levelBeginner
224 pages
5h 26m
English
Pearson
Content preview from Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life

5. Government Tax Authorities: Partners, Adversaries, or Bazaar Merchants?

In late 1994, just around the festive Christmas and New Year’s time of year, the State of Minnesota carried out what can be described only as a cruel experiment on its citizens. When I tell this story to my students, they often shudder and some even groan aloud. I like to start my lecture (and now this chapter) with the story of this infamous experiment because it can teach us quite a bit about the most unpleasant, reoccurring financial milestone in everyone’s life: April 15, which is the deadline for filing taxes in the United States.1 Here’s what happened in Minnesota. Approximately 47,000 taxpayers who filed their (1993) tax returns properly and on time were chosen ...

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Publisher Resources

ISBN: 9780137067718Purchase book