American Holidays - Tax Day

hi everyone I'm Alisha in the United States federal income taxes and most

state income taxes are due on April 15 this is not a holiday of course but it's

a major event nonetheless throughout the nation you'll see people scrambling to

get their tax forms in the mail before midnight on April 15th

technically federal income taxes are only due on this day if you owe the

federal government money

the first income tax in the United States was imposed to pay for a war do

you know which war it was imposed to pay for we'll show you the answer at the end

of this video in the United States the beginning of tax season generally starts

in February tax season is that time of year when people start bringing their

taxes into preparers to get them ready to send in to the federal government

u.s. citizens have the option of using a tax preparer or an accountant usually a

much more expensive option to prepare their taxes there are stiff penalties

charged if taxes are underpaid or not paid at all on April 15th of every year

the United States Post Office stays open until midnight to make sure that people

have every possible opportunity to get their taxes in the mail before the

deadline those individuals who don't owe any tax to the government don't have to

make this deadline in addition to sending in tax forms payment is due on

or before April 15th of every year as well every year around tax time you see

the parking lots of tax preparation agency is overflowing with cars

one tradition in the United States relating to tax time is holding sales at

various businesses people who get tax returns oftentimes spend the money on

something for themselves and to capitalize on this businesses often

offer discounts on their items during this time of year some tax preparation

agencies even allow people to take out a loan of the same amount as their

anticipated tax refund it's a busy time of the year for the IRS and businesses

alike though it has been controversial the sixteenth Amendment to the United

States Constitution gives the US government the authority to levy income

taxes it has been contested but is held up to all challenges and now here's the

answer to the quiz do you know for which war the first income tax was imposed the

first income taxes in the United States were imposed during the Civil War the

constitutional amendment that gives the federal government the authority to

collect income taxes was actually passed in 1913 how is this lesson did you learn

something interesting is there a special day for paying taxes in your country

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