Interesting Tax Facts | Apex Tax Advisors

TAX

When you have been at this as long as we have, you learn some strange things

The ancient Greeks

revered the tax professional as the noblest man in society.

Last year,

nearly 80% ($46,533,000) of the tax returns received to date resulted in a tax refund to the taxpayer.

In 1963,

the top individual tax rate was 91%. In 2005 the top individual rate is 35%. The top rate is now 39.6%

Gone are the days

of the long lines at the Post Office. Last year, 91% of returns were efiled.

The average 2003 refund

was $2,073 compared to $1,980 in 2002. Last year, the average refund was $3,053.

The 1040EZ

has over 30 pages of instructions. And that’s supposed to be EZ?!

Americas spends more

dollars per capita on taxes than on food, clothing and shelter combined.

It costs taxpayers

39 cents for every $100 collected by the IRS.

Direct deposit

of your refund will result in getting your money 4-5 weeks sooner than a paper check.

We know lots of interesting little facts that can make a big difference in your taxes!