Our current year, 2013, marks the anniversaries of Federal Income Tax Withholding (70 years – yea!) and the Internal Revenue Service (100 years – double yea!) and we are sure everyone wants to join in the celebration. However, we have a small problem with names for, and the proper way to celebrate these great milestones.
Other significant anniversaries have designated substances, suitable for proper gifting, and these have lent their names to the events. We all are familiar with:
5th Wood; 10th Tin; 15th Crystal; 20th China; 25th Silver; 30th Pearl; 40th Ruby; 50th Gold; 60th Diamond
But we have no designated substances to mark, and lend names to anniversaries of 70 or 100 years. It seems fitting that we should rectify this omission before the celebrations begin, and so we turn to you for help.
Give us suggestions suitable for these blessed events and we will post them in an upcoming blog. We will also forward the list to the IRS for their consideration (provided the language is not grossly offensive). We will recommend that if they adopt your suggestion, they offer you the same bargain given all taxpayers in exchange for implementing withholding in 1943 – namely a 75% reduction in Federal Income Tax owed for the year.
Help us get these celebrations off on the right track. Lets crowd-source this omission so we can all get on with the party before the year is over and the next tax season begins.
For additional historical discussion of these two significant events, visit: