In line with private finance web site WalletHub, Individuals spend 6.1 billion hours to do their taxes annually at a price of $233.8 billion. It averages out to be 16 hours per individual at $270. As a consequence of lots of waste hours and lack of productiveness, the IRS additionally provide $10,000 prize by launching a crowdsourcing problem to assist bettering the tax submitting course of. You’ll find different curiosity highlights beneath:
- 30.5 Minutes: Wait time for calls to the IRS in 2015
- 62%: Of calls went unanswered in 2015
- 6.1 Billion Hours: Time it takes Individuals to do their taxes annually (16 hours per individual)
- 35%: Of taxpayers would moderately talk about intercourse with their children than do their taxes
- 27%: Of Individuals would get an IRS tattoo to keep away from taxes for all times
- 700%+: Improve in tax-related identification theft instances since 2010
- 23%: Lower in IRS enforcement workers since 2010
