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Cruelest Month -- For Taxpayers

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When you're president, every day is a holiday. This April is National Financial Capability Month, as declared last week in a presidential proclamation. "I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices," quoth President Obama.

If April is the cruelest month, as T.S. Eliot wrote, then April as National Financial Capability Month could be the cruelest joke. It's as if every day is April Fools' Day, especially tax day, the dreaded 15th.

This also is the host month of this year's Tax Freedom Day. Every year, the Washington-based Tax...