10 Interesting Facts about Taxes

Feeling intaxicated? Take a break with our fun tax facts to learn about the history of taxes, weird and bizarre types of taxes, surprising tax statistics, and much more. 1. The word “tax” is from the Latin taxo, meaning “I estimate.” 2. The Bible has about 700,000 words. The number of words in the Federal Tax Code: 3,700,000. 3. Americans spend over $27.7 billion every year doing their taxes. 4. In Texas, cowboy boots are exempt from sales tax. Hiking books are not. 5. Albert Einstein once said: “The hardest thing in the world to understand is the income tax.” 6. Up until President Trump’s controversial decision to withhold his tax returns, every presidential candidate since Jimmy Carter had released their taxes during their campaign. Photo Credit (Fact #6): Ethan Miller / Staff 7. BP did not pay any federal income tax to the United States in 2010 because the oil company claimed the Gulf clean-up effort