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Wednesday, October 17, 2012

With the presidential election coming up soon, both candidates have been talking a lot about taxes. But whether taxes go up or go down, we can all be certain that just like death, they are a sure thing.



Today's Random Fact:

The first income tax was created in 1861 during the Civil War to finance the war effort.

In 1913 the Sixteenth Amendment was ratified to the Constitution, granting Congress the power to collect taxes on personal income.

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Bonus Fact:

Up to 1.2 million tax preparers make a living navigating the labyrinth US tax code for taxpayers. We have more professional tax preparers in the United States than law enforcement officers (765,000) and firefighters (310,400) combined.