Yes, you read correctly…. TAXES ARE FUN! What? You do not agree? We might be unique because we think taxes are fun.
Please enjoy some fun tax facts!
- “The word “tax” comes from the Latin taxo, which means “I estimate.” – Josh Zimmelman, owner of Westwood Tax & Consulting
- The motto of American colonists who participated in the Boston Tea Party was “no taxation without representation!” Because residents of Washington DC lack voting representation in Congress, their unofficial motto is “taxation without representation.”
- “Uncle Sam wants you to be healthy! If you quit smoking, you can write off any smoking cessation products or programs. Have a life-threatening medical condition like diabetes, high blood pressure, or heart disease? If a doctor signs off on it, you can write off diet/fitness products, classes, and programs. One person was able to write off the cost of their new pool because it was their form of exercise, as signed off by a doctor. However, if it was for recreational purposes, the IRS wouldn’t accept it.
- “Income tax didn’t exist until the Civil War, in 1861, but the tax was actually disbanded in 1872 because it was deemed unconstitutional.
- “There are more words in the tax code than there are in the Bible. The tax code is about 4 million words long.”—Marc Roche, Co-Founder, and CEO of Annuities HQ’
- “The first known taxes were in Sumer almost 5,000 years ago. They were recorded on clay cones and paid in livestock.” –Josh Zimmelman, owner of Westwood Tax & Consulting
- The writing on the Rosetta Stone, a monumentally important artifact and the key to deciphering ancient Egyptian hieroglyphics, is mostly about taxes.
- “The IRS was created during WWI and that is when the government starting withholding taxes from paychecks.”—Josh Zimmelman, owner of Westwood Tax & Consulting
- Al Capone was a famous Chicago mobster. He was eventually brought down by agents from the Treasury Department we were able to prove he was avoiding income tax.
- “The IRS receives more than 130 million tax returns each year. In 2016, Americans spent 6.1 billion hours and $29.6 billion on tax preparation services.”—Ivy Chou, Content Director for DealsPlus
- “In the 1st century, the Roman emperor taxed urine. It was collected for the ammonia and used to launder garments and tan hides.”—Josh Zimmelman, owner of Westwood Tax & Consulting
Stay tuned for next week. We shall share more tax humor! Maybe, you will enjoy taxes as much as we do here at Flat Top Bookkeeping! 😊