20 Facts About Taxes..

Americans spend 7.6 billion hours each year doing their taxes.



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Americans hire over 1 million accountants each year for tax help.

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We spend $27.7 billion a year preparing taxes.

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America has 98,000 troops in Iraq… and 101,054 employees at the IRS.

The number of pages in the tax code has increased 16,775% in the past century.

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Where’s all that money going? 54% of discretionary spending goes to the military.

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New York City has the highest corporate income tax in the world.

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A $100k earner takes home 10% less in NYC than in Texas.

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Dividend stock investors get taxed twice… first the company pays taxes on earnings, then you pay taxes on dividends.

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700 wealthy Americans are donating their tax breaks this year back to the U.S. government… such as Bill Gates.

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84% of people think it is NOT AT ALL acceptable to cheat on your taxes.

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Around 90 percent of people who employ babysitters and housekeepers end up cheating on their taxes.

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Report your company for tax evasion, and you can earn 30% of the amount collected.

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CORPORATE TAX EVASION: GE made $10.3 billion in pre-tax income in 2008, but didn’t have to pay a single cent in taxes.

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BUSTED: In 1997, Wesley Snipes reported his adjusted income as $0, when according to the government his income was over $7 million.

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CORPORATE TAX EVASION: Bank of America paid no taxes in 2009, even though it made $4.4 billion income.

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CORPORATE TAX EVASION: Molson Coors paid no taxes in 2009, and was actually paid $14.7 million by the government.

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BUSTED: In 2009, Treasury Secretary Timothy Geithner stumbled through his confirmation after it was revealed he failed to pay taxes of $42,000 on IMF income.

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Tax rates are declining for everyone… Especially the top 1%.

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Here’s why the rich are carrying more of the tax burden: because they are gaining wealth faster than the tax rate is declining!

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