Tax Day is approaching for Americans everywhere. Tax Day, the most dreaded day of the year, perhaps even more than Election Day, means Americans have to endure the wrath of the Internal Revenue Service (IRS).
WalletHub.com, a personal finance social network, released the results of a new survey Tuesday that looked at a bunch of fun facts about taxes. These are interesting data points to converse over the water cooler.
Here are a few of the most interesting findings from the report:
– Americans spend 6.1 billion hours (16 hours per person) doing their taxes each year.
– Americans spend 30.5 minutes waiting for the IRS when they call.
– Nearly two-thirds (62 percent) of their calls went unanswered last year.
– There is a 700 percent increase in tax-related identity theft cases since 2010.
– A 23 percent decrease in IRS enforcement staff in the last six years.
Here is an infographic from the website that contains other statistics, too:
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