• Facebook
  • Twitter
  • Linkedin
BACK TAXES HELP
  • Tax Problems
    ▼
    • Tax Problems Overview
    • Audit
      ▼
      • Audits Overview
      • Audited and Can’t Pay
      • Avoid Tax Audit
      • Statute of Limitations
    • Business
    • IRS Letters
    • Tax Levy
      ▼
      • Tax Levy Overview
      • Bank Levy
      • IRS Asset Seizure
      • Protect Assets
      • Release Tax Levy
      • Social Security Garnishment
      • Tax Levy Appeals Process
      • Wage Garnishments
    • Tax Lien
      ▼
      • Tax Lien Overview
      • Release or Withdrawal of Tax Lien
      • Appeal Tax Lien
      • IRS Form 14135: Discharge Tax Lien
      • IRS Form 12277: Request Lien Withdrawal
    • Tax on Settlement of Consumer Liabilities
    • Tax Penalties
      ▼
      • Tax Penalties Overview
      • Failure to File Penalty
      • Failure to Pay Penalty
      • IRS Interest Underpayment
      • Late Filing Penalty
      • Late Payment Penalty
      • Tax Evasion
      • Tax Fraud
      • Trust Fund Recovery Penalty
    • Unfiled Taxes
      ▼
      • File Back Taxes
      • Unfiled Taxes Return
      • Unfiled Tax Return Consequences
    • Unpaid Taxes
      ▼
      • Unpaid Taxes Overview
      • IRS Collections: How The Process Works & How to Stop It
      • Find Out Tax Amount Owed
      • IRS Statute of Limitations
  • Tax Solutions
    ▼
    • Tax Solutions
    • Bankruptcy
    • IRS Tax Appeal
      ▼
      • IRS Tax Appeal Overview
      • IRS Collection Due Process (CDP)
      • Collection Appeals Program (CAP)
    • Payment Plans
      ▼
      • Payment Plans Overview
      • Installment Agreements
      • Short-Term Extension
    • Tax Settlement
      ▼
      • Tax Settlement Overview
      • Innocent Spouse Tax Relief
      • Offer in Compromise
      • Penalty Abatement
      • Prove Financial Hardship
      • Tax Negotiation
  • State Tax Relief
  • About Us
    ▼
    • About BackTaxesHelp
    • Tax Professionals
      ▼
      • Tax Professionals Overview
      • CPA
      • IRS Enrolled Agent
      • Tax Attorney
      • Tax Resolution Services
      • Taxpayer Advocate Services
      • Low Income Taxpayer Clinic
      • Tax Relief Scams
    • Tax Services
      ▼
      • Our Tax Services
      • Tax Process
    • Testimonials
    • Our Team
    • Get A Quote
  • Resources
    ▼
    • Resources Overview
    • Back Taxes FAQ
    • Forms: IRS and State
    • How To
    • IRS Phone Numbers
    • Power of Attorney
    • Tax Filings
  • Tax Blog
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Back Taxes Help HomepageBack Taxes Help

Get tax help

Call for a Free Consultation800-928-5035
Call for a Free
Consultation
800-928-5035
  • Tax Problems
    • About Tax Problems
    • Audit
    • Business
    • IRS Letters
    • Tax Levy
    • Tax Lien
    • Tax on Settlement of Consumer Liabilities
    • Unfiled Taxes
    • Unpaid Taxes
  • Tax Solutions
    • About Tax Solutions
    • IRS Tax Appeal
    • Repayment Plans
    • Tax Settlement
  • State Tax Relief
  • About Us
    • About BackTaxesHelp
    • Tax Professionals
    • Tax Services
    • Testimonials
    • Our Team
    • Get a FREE Quote
  • Resources
    • Tax Resources
    • Back Taxes FAQ
    • Forms: IRS and State
    • How To
    • IRS Phone Numbers
    • Power of Attorney
    • Tax Filings
  • Tax Blog
Home / Entertainment / 10 Fun & Interesting Tax Facts 

10 Fun & Interesting Tax Facts 

April 16, 2012 By Manny Davis

  • Facebook
  • Twitter
  • Linkedin

Tax Relief

The history of income tax in the United States is an interesting one; with many changes along the way to how income is taxed and even changes to what is considered income. Benjamin Franklin said it best in a letter to Jean-Baptiste Leroy in 1789: “Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes.”

Here are 10 interesting tax facts you may not know:

  • US Tax Timeline: The first income tax in the United States was created to help finance the cost of the Civil War in July 1861 and was 3% of all income earned over $800. In 1862, the income tax was replaced by tiered income tax rates. Our current tax system was created right before World War I, in 1913.
  • Taxes Discriminate: While employers and schools are not allowed to discriminate, the U.S. government can and does discriminate when it comes to tax laws. If you are a straight, married couple you are treated differently than a gay couple. If you rent a home instead of becoming a homeowner, you are treated differently regarding taxes. Some of the tax laws benefit people who qualify for them; while others create additional expenses for those who don’t qualify.
  • Top Income Earners Used to Pay More Taxes: Before 1981, the top income bracket of taxpayers had paid as much as 94% in taxes. In 1981, The Economic Recovery Tax Act lowered the top tax bracket down to 50%.
  • Taxpayers Fund Presidential Campaigns: During the 1970s, a check-box on income tax forms allowed taxpayers to contribute to the Presidential Campaign Fund. More than $1 billion has been provided to primary election candidates for the presidency with almost 90% of presidential candidates using the money during their campaigns. Governor George Bush did not use the public funds in 2000, and Barack Obama was the only major party nominee to decline public funds in the general election.
  • Tax Law and Regulations Described in over 5.5 million words: Not even the Declaration of Independence, the Gettysburg Address or the Holy Bible compare to the number of words in the United States tax law and regulations. In fact, even if you add all of the words in each of these documents, it doesn’t equal the number of words used to describe the tax law and regulations.
  • The so-called easy tax form, 1040EZ, contains 43 Pages of Instruction: The 1040EZ, designed as the easiest income tax form to fill out.
  • Millions of People Overpay Taxes Annually: Many Americans are overpaying significant amounts to the IRS because they don’t claim all of the tax deductions and credits they’re entitled to. For the most part, it is believed this is a result of people not understanding the tax laws and forms they have to fill out as they are overly complicated.
  • A Growing Number of American Households Don’t Pay Federal Income Taxes: about 1/3 of American households pay only state income taxes. The number of people avoiding federal income taxes is growing each year.
  • History of e-File: The first income tax return to be e-filed was in January 1986. Three years later, 36 states had e-file capability, and by 1990 – everyone had the option to e-file their taxes.
  • Over 1.2 Million Tax Accountants – The United States has more Federal or IRS tax accountants than soldiers. Americans need to hire tax professionals to help them understand the forms and file their income taxes annually, creating the need for millions of tax accountants.

Primary Sidebar

Tax Problems?





Categories

  • Business Taxes
  • Celebrities
  • Entertainment
  • FAQ
  • Filing Taxes
  • How To
  • Installment Agreements
  • Payment Plans
  • State Taxes
  • Tax Audit
  • Tax Credits & Deductions
  • Tax Filing Extension
  • Tax Help
  • Tax Law Changes
  • Tax Levy
  • Tax Lien
  • Tax News
  • Tax Opinion
  • Tax Settlements
  • Tax Tips

SUCCESS STORIES

  • "I was in a tough situation. I didn’t have much money and I couldn’t pay my tax balance.  I was able to pay off my taxes over time with an agreement. Thanks again!"
    ~ Brian J., Orange, CA

  • "Thank you so much for your diligence in taking care of our situation. You were always available when we needed to ask questions, and you should be proud of your professional handling of our case!"
    ~ Mr. Wilson, Taylor, TX

  • "I had used another company previously, and I had concerns initially but you guys put me in good hands and in no time flat. This is such a weight off of my shoulders."
    ~ Mr. Szramiak, Philadelphia, PA

  • "My back taxes had been haunting me for years & the bank levy happened so quickly; I’m glad I had I requested a free consultation. Everyone is astonished they got all my money back so soon. I am eternally grateful!"
    ~ Mr. Mason, Minneapolis, MN

Resolve Your Tax Problems Today!

GET A FREE TAX ANALYSIS

Footer

53 Halloween Blvd.
Stamford, CT 06902
PH: 203-813-7549
Toll Free: 800-928-5035
admin@backtaxeshelp.com
Call for a Free Consultation
800-928-5035

facebooktwitter
Back Taxes Help
  • Resources
  • Sitemap
  • Privacy Policy
  • Terms of Use
  • Contact
  
Back Taxes Help BBB Business Review
Privacy Seal
Security Seal
ASTPS
  

Copyright © 2022 BackTaxesHelp.com


Disclaimer: We are not affiliated with the IRS, any private tax collector, or any state tax agency. The information provided on this website is for general educational or informational purposes only. Nothing on this website should be interpreted as legal or tax advice for any individual or business tax case. Before taxpayers sign up with a tax relief or tax resolution company, they should request a free consultation in order to understand how tax relief services work and the associated costs. The free consultation comes with no obligation to use any product or services. In many cases, a reputable tax resolution firm can provide taxpayers with relief.  

Scroll Up