In accordance with private finance web site WalletHub, Individuals spend 6.1 billion hours to do their taxes every year at a price of $233.8 billion. It averages out to be 16 hours per individual at $270. Because of a number of waste hours and lack of productiveness, the IRS additionally supply $10,000 prize by launching a crowdsourcing problem to assist enhancing the tax submitting course of. You’ll find different curiosity highlights under:
- 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 every year (16 hours per individual)
- 35%: Of taxpayers would relatively talk about intercourse with their youngsters than do their taxes
- 27%: Of Individuals would get an IRS tattoo to keep away from taxes for all times
- 700%+: Enhance in tax-related id theft circumstances since 2010
- 23%: Lower in IRS enforcement employees since 2010