When most people hear taxes, they groan. In fact, when used as an adjective it means physically or mentally demanding. However, at GI Tax we love taxes and think that it’s important for people to understand why they pay them, if not enjoy the whole process. In an attempt to lighten the mood around taxes, here are some fun facts about taxes.

  • Americans began paying federal income tax in 1913. They would save their money and pay in a lump sum every year. After WWII taxes were withheld from paychecks to provide the government with a more stable stream of income.
  • Every known civilization taxed their citizens. Even ancient Sumerians recorded their taxes on clay cones.
  • The Rosetta Stone is a tax-oriented document.
  • In 1787, US citizens were only eligible to vote if they paid their taxes.
  • Tax Evasion has been cited as a major factor in the fall of the Roman Empire.
  • The IRS was created after World War Two.
  • There are 480 tax forms on the IRS’s website.
  • The first income tax in the US was created in 1816 to pay for the Civil War.
  • Tax evasion in the past 10 years have cost the US approximately 3.09 billion dollars.
  • In Texas, cowboy boots are tax exempt.
  • Florida is one of seven states that does not have an income tax.
  • There are 3,700,000 words and 70,000 pages in the Federal Tax Code.
  • You work an average of 103 days just to pay your taxes.
  • We spend an estimated $27 billion every year preparing our taxes in the US.

See, taxes are actually very interesting. There are many fun things you didn’t know about how our tax code came to be and why our system works the way it does. We’re not saying that taxes are easy. If you have a trusted tax professional at GI Tax help you out however, it can certainly feel that way. At GI Tax we make taxes fun!