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It’s Tax Day! Enjoy These Fun Tax Facts

Tax Day Facts

We hope these interesting tax facts help you survive Tax Day today.  

Congratulations, procrastinators! Thanks to Washington DC’s celebration of Emancipation Day on Friday, Tax Day 2016 has been moved to today: Monday, April 18th. We’ve lucked into some extra days to file, but don’t wait! Today’s the official IRS deadline.

To get you in the mood for filing your taxes, we wanted to fill you in on some fun facts about taxes in the United States.

  • The average tax refund is $2,953!
  • Nearly 90 percent of individual tax returns are e-filed. Over half of individual returns are completed by a professional tax preparer.
  • The United States tax code is roughly 4 million words. It’s been changed over 4,500 times in the last 15 years!
  • Individual income taxes are a major source of state government revenue, accounting for 35 percent of state tax collections. Their prominence in public policy considerations is further enhanced by the fact that individuals are directly responsible for paying their income taxes, in contrast to the indirect payment of sales and excise taxes. To many taxpayers, the personal income tax is practically synonymous with their own tax burdens.
  • Forty-three states levy individual income taxes. Forty-one tax wage and salary income, while two states—New Hampshire and Tennessee—exclusively tax dividend and investment income.
  • Seven states levy no income tax at all!

Good luck with Tax Day from The Maria Sanchez Show! If you’d like to learn more about the current states of taxes in our country, don’t miss our show Shadow Politics with Senator Michael D. Brown. We’ll talk about what’s going on in our nation each Sunday at 4:00 p.m. PDT/7:00 p.m. EDT; don’t miss it!

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