The 2017 filing season opened on Jan. 23, meaning that for many of us, it's that time of year when we can no longer be in denial about our finances. The Internal Revenue Service expects more than 153 million individual tax returns in 2017, and there's no doubt many will put off the the burden of getting the paperwork together until the last possible day.
By the time April 18 rolls around, people across the country will most likely groan at the sight of an IRS Form 1040. Still, there are many fun facts about tax season that people probably aren't aware of.
Credio, a personal finance research site powered by Graphiq, dug deep into the data to find 25 statistics about taxes in America. These facts range from minuscule property tax rates in some parts of the country (as low as 0.25 percent) to the total amount paid in federal taxes in 2015 — a number that is more than 12 figures. Credio will run through each fact, from the smallest number to the largest, to teach you everything you'd want to know before Tax Day 2017.
Compiled by Nick Selbe, credio.com