Fun Facts on Taxes | Tax Defense Network

10
FUN FACTS ON TAXES

description

So these were some of the fun facts about taxes to lighten the burden of what can be a lot of people’s least favorite time of the year. Certainly interesting

Transcript of Fun Facts on Taxes | Tax Defense Network

Page 1: Fun Facts on Taxes | Tax Defense Network

FUN FACTSON

TAXES

Page 2: Fun Facts on Taxes | Tax Defense Network

Many of us to focus on our finances. What did we spend? What did we

save?

But do we know any fun facts about our taxes?

Page 3: Fun Facts on Taxes | Tax Defense Network

Do you know why the specific date of April 15th chosen?

Or how you can actually get rewarded by the IRS?

Well, here are some insights on those, and many other, income tax

facts!

Page 4: Fun Facts on Taxes | Tax Defense Network

Tax day wasn’t originally in April.When the 16th Amendment was introduced,

the date was March 1st.

That changed to March 15th and moved finally to

April 15th in 1955.

Page 5: Fun Facts on Taxes | Tax Defense Network

The Revenue Act of 1861 was introduced to gather funds for the expensive conflict that lasted for four years

Income tax started because of the American Civil War

Page 6: Fun Facts on Taxes | Tax Defense Network

It’s called the Whistleblower Informant Award.

You can make big money reporting a company for tax evasion!

Page 7: Fun Facts on Taxes | Tax Defense Network

The federal tax code has grown to over 70,000 pages.  

 Intimidated by the 70,000 pages?

Be sure to keep a tax term glossary and tax preparation checklist handy.

Page 8: Fun Facts on Taxes | Tax Defense Network

Americans spend 7.6 billion hours every year preparing

taxes.Sound like a lot?

Well, there are roughly 312 million people in America.

Page 9: Fun Facts on Taxes | Tax Defense Network

New York City has the world’s highest corporate income tax.

Page 10: Fun Facts on Taxes | Tax Defense Network

So these were some of the fun facts about taxes to lighten the burden of what can be a lot of

people’s least favorite time of the year. Certainly interesting!