25 Facts About Taxes That Will Make You Hate Them Even More

Nobody likes taxes. Nobody. Who would? You earn money and then someone else comes along and takes it from you to spend on things that you don’t care about or agree with. The truth of the matter is, however, that you probably don’t even dislike them as much as you potentially could. Taxes are a hot topic during every election season. Do we tax the rich? The poor? Both? Nobody? There was not a civilization in history that didn’t tax its people in some way, shape, or form. In fact, many of the most important decisions, conflicts, and even wars in world history were based on little more than taxes. That is why kings and conquerors wanted to expand their territory. It meant more wealth. And that is why people often fought for their independence. It meant not paying money to somebody you didn’t agree with. Taxation has influenced our lives more than most people know and much of the modern geopolitical environment can be explained by this one simple concept. In spite of its prevalence in our lives though, most of us have a bad taste in our mouth because of it. These are 25 facts about taxes that will make you hate them even more.

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Tax featured image by 401(K) 2012 via flickr.

25

In 1913 the federal tax code was 400 pages long. In 2010 it was 70,000 pages.

In 1913 the federal tax code was 400 pages long. In 2010 it was 70,000 pages.Source: economist.com
24

Atlas Shrugged contains about 645,000 words. The Bible contains about 700,000 words. The tax code contains 3,700,000 words.

Atlas Shrugged contains about 645,000 words. The Bible contains about 700,000 words. The tax code contains 3,700,000 words.Source: businessinsider.com, Image: wikipedia

23

Although the US federal corporate tax rate is 35%, most companies pay a fraction of that due to loopholes

Although the US federal corporate tax rate is 35%, most companies pay a fraction of that do to loopholesSource: Adams, Charles. 1993. For Good and Evil: The Impact of Taxes on the Course of Civilization
22

43 of 50 states charge state income tax. Only 7 do not (South Dakota, Wyoming, Florida, Alaska, Texas, Washington, and Nevada)

43 of 50 states charge state income tax. Only 7 do not (South Dakota, Wyoming, Florida, Alaska, Texas, Washington, and Nevada)Source: La Bella, Laura. 2011. How Taxation Works

21

In 2010 General Electric made more than $4 billion in profit. Guess how much tax it paid? That's right...$0

In 2010 General Electric made more than $4 billion in profit. Guess how much tax it paid? That's right...$0Source: La Bella, Laura. 2011. How Taxation Works


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