Some or the Fun Facts on Different Taxes

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FUN FACTS ON TAXES
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• 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?

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• 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!

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• Tax day wasnt 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.
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• 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
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You can make big money reporting a company for
tax evasion!

• Its called the Whistleblower Informant Award.

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• 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.

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Americans spend 7.6 billion hours every year
preparing taxes.Sound like a lot? Well, there
are roughly 312 million people in America.
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New York City has the worlds highest
corporate income tax.
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• So these were some of the fun facts about taxes
  to lighten the burden of what can be a lot of
  peoples least favorite time of the year.
  Certainly interesting!