10 Facts About Taxes

By

The current tax system in the United States is based upon the Revenue Act of 1913. You may not like having to pay taxes, but as an interested spectator with more than a little stake in the outcome, consider the following when contemplating the taxes you pay.


1
Approximately 90% of people who employ housekeepers and babysitters cheat on their taxes.

2
If someone reports their company for tax evasion in the U.S., he or she will receive 30% of the amount collected.

3
The federal tax code was 400 pages in 1913. In 2010 it was 70,000 pages.

4
In 2010, General Electric made over $4 billion in U.S. profits. It paid $0 in taxes.

5
England has a tax on televisions. Color TVs are taxed more than black-and-white TVs. However, if a blind person has a television, he or she has to pay only half the tax.

6
In Texas, cowboy boots are exempt from sales tax. Hiking books are not.

7
The U.S. Civil War was not about slavery but mainly about taxation.

8
There is no known civilization that did not tax.

9
Around 47% of Americans did not pay income tax in 2012.

10
Over 1 million accountants are hired each year in America to help with taxes.