Looking back to 2009

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 2009.

2009 Big News Story

Barack Obama Inaugurated President

 Per History.com

On a freezing day in Washington, D.C., Barack Hussein Obama is sworn in as the 44th U.S. president. The son of a black father from Kenya and a white mother from Kansas, Obama had become the first African American to win election to the nation’s highest office the previous November.

As the junior U.S. senator from Illinois, he won a tight Democratic primary battle over Senator Hillary Clinton of New York before triumphing over Arizona Senator John McCain, the Republican candidate, in the general election. Against a backdrop of the nation’s devastating economic collapse during the start of the Great Recession, Obama’s message of hope and optimism—as embodied by his campaign slogan, “Yes We Can”—struck an inspirational chord with a nation seeking change.

As Inauguration Day dawned, crowds of people thronged the National Mall, stretching from the Capitol Building to beyond the Washington Monument. According to an official estimate made later by the District of Columbia, some 1.8 million people witnessed Obama’s inauguration, surpassing the previous record of 1.2 million, set by the inaugural crowd of Lyndon B. Johnson in 1965.

The ceremonies ran behind schedule, and it wasn’t until just before noon that Chief Justice John Roberts Jr. administered the presidential oath of office to the president-elect. While being sworn in, Obama placed his hand on a Bible held by his wife, Michelle—the same Bible used by President Abraham Lincoln at his first inaugural.

Obama opened his inaugural address, which lasted some 20 minutes, by recognizing the challenges facing the nation at the outset of his administration—the worsening economic crisis, ongoing war against radical extremism and terrorism, costly health care, failing schools and a general loss of confidence in America’s promise.

2009 by the Numbers

Economic Data from 2009

Grocery Prices from 2009

Personally, 2009 was another year of growth for Relax Tax, our small simple firm had truly hit on a sweet spot of what clients were looking for. As the tax software was getting easier to use, people didn't want tax preparers. People wanted trusted financial partners. Relax Tax had become that trusted partner.  

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. 

If your tax preparer isn't doing tax planning with you, then you have the wrong tax preparer. If you do your taxes yourself with software and just "tweak" the numbers till you get the numbers where you want them then you should read our blog post on what could be in store.