Happy Income Tax Pay Day
Americans pay over $30,000 in federal, state and local taxes every second of every day. That’s about 2 MILLION dollars every Minute. Here are some more taxing facts.
In a lifetime, the average American files 42 income tax returns and spends 464 hours preparing those forms. The average American earns $1,235,720 in his lifetime, and of this sum pays $178,364 in taxes.
The number of unclaimed tax refunds that are being held by the I.R.S.: 96,000. The amount of money that is waiting to be refunded: $62 million.
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.”
Right on Albert.