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Days Until Tax Return Deadline
Tax Fact #1"Over the last decade it is estimated that the tax code was amended or revised over 4,000 times!"Tax Fact #2"Americans spend over 7.6 billion hours each year on their tax returns."Tax Fact #3"An individual’s personal tax return is often their largest financial transaction in a given year."Tax Fact #6"In February of 1913 the Sixteenth Amendment was ratified to the Constitution, granting Congress the power to collect taxes on personal income."Tax Fact #8"The highest income tax bracket ever in the U.S. was 94% in 1944."Tax Fact #9"April 15th is also the day Abraham Lincoln died, the day the Titanic sank and the day McDonald's served its first hamburger."Tax Fact #4"In 1923, the first year of our current income tax, there were 400 pages in the tax code. Today there are over 74,000 pages in the code."Tax Fact #5"Federal tax returns were originally due on March 1st each year. The date was changed to March 15th in 1918 and in 1954 the current April 15th date was established."Tax Fact #7"For the tax year 1935, after President Roosevelt raised the highest tax rate to 79%, for individuals making over $5 million it applied to only one person in the United States."