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Showing posts with the label tax trivia

Income Tax Trivia

Q-How old is income tax? A-The 16th amendment was passed allowing income tax collection over 100 years ago. No celebration was held. Q-How many people went to jail for income tax violations between 2007-2011? A-About 1700 people per year were jailed. Q-How much were Americans assessed in penalties in the last 10 years? A-About 15 billion a year Q-What famous actor went to jail for income tax violation? A-Wesley Snipes served 3 years for failing to file 38 million dollars he earned over a six year period of time. A-Over 15 b illion dollars Q-How far back does income tax go? A-In China, in 10 AD a 10% income  tax was imposed on professionals and skilled laborers. It was  eliminated 13 years later. Q-What do American taxpayers think about income tax? A-A new Gallup poll found that about 55% of taxpayers think their taxes are fair. So, stop whining and pay.