Looking back to 2004

We look forward not back 

Does your accountant seem obsessed with last year? If you want to legally pay less in taxes, you need a professional who looks forward. Relax Tax helps our clients focus on planning for a better future, and not the past. If we want to look back at anything, we thought it might be fun let our blog look back at what we learned in the last 50 plus years. You can get a FREE COPY of the entire guide at back.relaxtax.com. Now lets take a look at 2004.

2004 Big News Story

First Legal Same Sex Marriage in MA

The U.S. median home price ticked above $182,000 for the first time, a massive gain over the previous year’s average. Incumbent President George W. Bush held off opponent John Kerry to retain the White House. And in December, a 9.1 magnitude earthquake struck Indonesia — triggering a tsunami that caused widespread devastation.

Per History Channel 

May 17, 2004 

Marcia Kadish, 56, and Tanya McCloskey, 52, of Malden, Massachusetts, marry at Cambridge City Hall in Massachusetts, becoming the first legally married same-sex partners in the United States. Over the course of the day, 77 other same-sex couples tied the knot across the state, and hundreds more applied for marriage licenses. The day was characterized by much celebration and only a few of the expected protests materialized.

On November 18, 2003, the Massachusetts Supreme Court found the state’s ban on same-sex marriage unconstitutional, ruling that the state could not deny the protections, benefits and obligations conferred by civil marriage to two individuals of the same sex who wish to marry.

The decision cited the state constitution’s ban on the creation of second-class citizens. The court then gave the state 180 days in which to change the law. Efforts by some legislators to introduce an amendment to the state’s constitution banning same-sex marriage, but recognizing civil unions, were defeated.

Same-sex marriage became legal in all 50 states on June 26, 2015, after the Supreme Court ruled in Obergefell v. Hodges that states must issue marriage licenses to same-sex couples and recognize same-sex marriages performed in other jurisdictions.

2004 by the Numbers

Economic Data from 2004

Grocery Prices from 2004

Personally, while the courts were making big decisions, I was focused on making baby steps in my battle with Lyme's disease. The illness grew in me for years intreated. and it wasn't coming out overnight without a fight. I turn to extensive regular sessions of manual labor and exercise to attack the illness. 

A tax return is just a historical record of what happen financially in the previous year. If you don't think about your taxes until you start receiving your tax forms, then it is already too late. Click Here to schedule your risk free tax planning session. 

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