Interesting Facts and Stats
TAX Creep Tax Complexity!
National Taxpayers Union.
For tax year 2001, government auditors who called the IRS's "tax help line" got incorrect or incomplete answers to their questions 47% of the time. Source - Forbes May 2002
The average taxpayer spends 28 hours and 6 minutes completing Form 1040 and common schedules, a 40% increase since 1997. Source - Forbes May 2002
14,000... Number of pages in nine volumes it took CCH to print the nations tax, regulations and related material in 1954
45,662... Number of pages in 25 volumes it takes CCH today to print the nation's tax code, regulations and related material.
source - The Wall Street Journal
1867, Michigan becomes the first state to institute a property tax to support a university.
Did you know that you are in the Top 25% of Income earners if you make over $45,757? This is single and combined (married) income
Did you know that you are in the Top 10% of Income earners if you make over $74,986? This is single and combined (married) income
So when then talk about the rich, it may be you.
The first Form 1040 was issued in 1913.
The first Form 1040 was 4 pages long including instructions.
The word NO appears in the IRS Tax Code 2833 times
The Work Yes appears in the IRS Tax Code 0 times
Time it takes to prepare and file an IRS Form 1040. 11.34 Hours - Source Forbes October 2000
Based on average work year of 2000 hours
Time the IRS says it takes to file Form 1040 - Source IRS
Average Return - 22 Hours
WHEN YOU LOOK AT IT THIS WAY, GASOLINE DOESN'T
$21.19 FOR WATER!
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