In honor of the end of this year’s tax season, here’s some trivia questions for you! We can’t promise they’ll make you a hit at the next dinner party, but some of them are interesting nonetheless. How many answers do you know?
The first true income tax ever was in what country, in 1404?
Answer
England
On what day were US Federal tax returns originally due?
Answer
March 1
The Revenue Act of 1861 was the first time income tax was levied in the US. What was the tax percentage?
Answer
3%
In 1944 Congress raised the top income tax rate to what percentage?
Answer
94%
The Form 1040 has been used since what year?
- 1933
- 1953
- 1913
- 1973
Answer
3. 1913
Who said “but in this world nothing can be said to be certain except death & taxes”?
- Benjamin Franklin
- James Madison
- Mark Twain
- Thomas Jefferson
Answer
- Benjamin Franklin
Which has more words in it?
- US Tax Code
- King James Bible
- The novel War & Peace
Answer
- US Tax Code
The first E-filed tax return occurred in January of what year?
Answer
1986.
There are over 500 tax forms. Do you know what Form 6478 is used for?
Answer
Alcohol Biofuel Producer Credit
The 16th Amendment established the first permanent US income tax. What year was it ratified?
Answer
1913.
Article submitted by Lois S. Fried, CPA, CFE, CVA, ABV