FUN FACTSON

TAXES

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?

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!

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.

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

It’s called the Whistleblower Informant Award.

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

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.

Americans spend 7.6 billion hours every year preparing

taxes.Sound like a lot?

Well, there are roughly 312 million people in America.

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

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!