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Tax Day 2016

April 13, 2016

Tax Day 2016 is April 18th
Here are 9 fun tax facts on Tax Day to help ease the pain-
1-The federal form 1040 was introduced in 1913
2-The Social Security Act was signed into law by President Franklin D. Roosevelt in 1935
3-The IRS reported receiving 131,543,000 individual income tax returns in 2009
4-The cost of war has often driven the push for taxes
5-Federal income tax withholding as we know it today was made permanent in 1943 as part of the Current Tax Payment Act
6-The “Presidential Campaign Fund” check-box was created in the 1970s in order to fund presidential elections.
7-There are at least 480 forms on the IRS Web site.
8-In 2007, the IRS reported that 99,316,995 taxpayers were assisted by writing, calling, or walking into an IRS office.
9-Regarded by some as the smartest man who ever lived, even Albert Einstein was no fan of figuring out his taxes, once remarking, “The hardest thing in the world to understand is the income tax.”


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