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Tax Fun Facts

Tax Fun Facts!

Did you know Tax Day is April 17th? Of course, you did! But did you also know the following fun facts about taxes?

  • The word “tax” is from the Latin taxo, meaning “I estimate.”
  • The US has a progressive tax system, meaning that the more money a person makes, the more he or she pays in income tax.
  • “The hardest thing in the world to understand is the income tax,”- Albert Einstein.
  • Over 1 million accountants are hired each year in America to help with taxes.
  • In Texas, cowboy boots are exempt from sales tax. Hiking boots are not.
  • Americans spend over $27.7 billion every year doing their taxes.

Source: https://www.factretriever.com/taxes-facts

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