Skip to main content

  • Phone: 603.926.1189
  • Email: jenel.m.faro@lpl.com
  • Client Login

  • About
  • Services
    • College Savings Plans
    • Retirement Plans
    • Life Insurance
    • Long-term Care and Disability insurance
    • Savings
    • Tax Planning
  • Resources 
    • Weekly Commentary
    • Quarterly Insights
    • Featured LPL Research
    • Forms
    • Blog
  • Contact

    You are here

  1. Home
  2. Blogs
  3. Taxpayer Appreciation Day—Recognizing Taxpayers' Contributions

Taxpayer Appreciation Day—Recognizing Taxpayers' Contributions

Submitted by Neville Associates on July 30th, 2021

Though U.S. taxpayers received an extra month to file and pay their federal income taxes in 2021, some are still smarting from having to write a check to the IRS.[1] For many, it can be tough to make the connection between those hard-earned dollars going out the window and the roads, services, and even technological advances that are made possible through taxpayer dollars.

Taxpayer Appreciation Day was designed to bridge this gap. Keep reading to learn more about this holiday and learn more about some of the advances made possible using taxpayer dollars.

What is Taxpayer Appreciation Day?

Observed on the first Saturday of every August, Taxpayer Appreciation Day was first proposed by presidential candidate Ralph Nader in 1999.[2] This holiday is intended to recognize and highlight the immeasurable contributions taxpayers have made to the country's infrastructure and innovations. From interstate highways to cutting-edge pharmaceutical breakthroughs all the way through space exploration, U.S. taxpayers have helped make it possible.

Taxpayer Appreciation Day Highlights

Some of the developments that would not be possible without taxpayer funds—and taxpayer-funded government organizations—include:[3],[4]

  • Lithium-ion batteries, developed by the Department of Energy;
  • GPS systems, developed by the Department of Defense;
  • Doppler radar, developed by the National Science Foundation;
  • The flu shot, developed by the National Institute of Health;
  • LED lights, developed in partnership with the Air Force;
  • Closed captioning, developed by the National Bureau of Standards/NIST;
  • Barcodes;
  • Infant formula, developed by NASA;
  • Self-driving cars, developed in partnership with the Defense Advanced Research Projects Agency.

Some of these developments are nearly an act of serendipity. For example, NASA invented infant formula while attempting to formulate a high-calorie, high-nutrition beverage that could be transported and mixed in space.

Finally, those reading this from an online connection can thank the U.S. Advanced Research Projects Agency (ARPA), which helped create Arpanet—the internet's precedessor.[5]

Local Taxpayer Appreciation Days

In addition to August's Taxpayer Appreciation Day for federal taxpayers, some states and municipalities celebrate their own Taxpayer Appreciation Day to recognize those who pay their taxes on time.[6] In fact, some revenue departments offer discounts to taxpayers who pay their taxes early, by a certain date.

No matter how you opt to celebrate Taxpayer Appreciation Day this year, give yourself a pat on the back for another tax season in the books!

 

 

 

 

 

 

 


[1] https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline

[2] https://nader.org/1999/02/18/taxpayer-appreciation-day/

[3] https://hydrogen.wsu.edu/2017/04/22/how_the_us_funds_science_and_technology_innovation/

[4] https://stacker.com/stories/5483/50-inventions-you-might-not-know-were-funded-us-government

[5] https://searchnetworking.techtarget.com/definition/ARPANET

 

[6] https://philadelphia.cbslocal.com/2017/02/24/department-of-revenue-holds...

Sources

https://philadelphia.cbslocal.com/2017/02/24/department-of-revenue-holds-taxpayer-appreciation-day/

LPL Tracking 1-05151712

Categories

  • 3 Golf Tips to Keep Your Retirement Plan on Course (1)
  • 4 Financial Skills All Business Owners Should Learn (1)
  • 4 Way To Boost Your Credit IQ (1)
  • 401(k) (1)
  • 529 College Savings Plans (3)
  • A Guide to Incorporating Philanthropy into Your Financial Planning (1)
  • A Year-End Wealth Planning Guide (1)
  • Annuities (1)
  • Benefits of Homeownership (1)
  • Buying vs Renting (1)
  • Cash Balance Plan Fact Sheet (1)
  • Charting Your Future: Small Business Lessons from Good to Great (1)
  • College Planning (1)
  • Credit Traps For The Unwary (1)
  • Everything You Need to Know About Volunteering During the Third Year of COVID (1)
  • FAFSA (1)
  • Finances (1)
  • financial advisor (1)
  • Financial Planning (10)
  • Financial Wellness (2)
  • From Riches To Rags In Three Generations: Managing Generational Wealth Checklist (1)
  • Home Dilemma 2022 (1)
  • Home Ownership (1)
  • Homeownership (1)
  • How To Spring Clean Your Finances With A Financial Review (1)
  • Investing (3)
  • Investment Management (1)
  • Life Insurance (2)
  • Medicare Will Not Cover All Health Care Costs (1)
  • Mid-November Means Open Enrollment Time (1)
  • Navigating Market Volatility–or Not (2)
  • Planning for the future (1)
  • Retirement (2)
  • retirement planning (5)
  • Rollover (1)
  • Savings (1)
  • Self Employed (1)
  • Small-Business (1)
  • Tax Benefits, (1)
  • Tax Planning (1)
  • Tax Prep (1)
  • Taxes (1)
  • The Basics of the 401(k) (1)
  • Thoughts from a financial professional (1)
  • Wealth Transfer (1)
  • When You Apply For Insurance Your Credit History Counts (1)

Book a Meeting

Tell a Friend

Newsletter Subscription

One Merrill Industrial Drive Suite 15, Hampton, New Hampshire 03842 United States

  • Sitemap
  • Legal, privacy, copyright and trademark information
  • Recommended Reading
  • One Merrill Industrial Drive Suite 15, Hampton, New Hampshire 03842 United States
  • Phone: 603.926.1189
  • Email: jenel.m.faro@lpl.com

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

LPL Financial Form CRS

© 2025 LPL Financial. All rights reserved.

Website Design For Financial Services Professionals