The deadline to submit your tax returns is approaching – April 15 is just around the corner. Meet Chicago Northwest wants to offer some relief. Take a deep breath, relax, and enjoy these interesting and odd tax tidbits.
Then check out some of our post-tax day deals to unwind and spend that hefty tax refund you got!
- Federal income taxes were first introduced with the Revenue Act Of 1861 to fund the Civil War.
- Form1040 form was introduced in 1913; it was only 3 pages long.
- In 1691, England taxed the number of windows on a house. People built houses with fewer windows or closed up the windows they already had. When this became a health issue, the tax was repealed in 1851.
- Russian Emperor Peter the Great placed a tax on beards in 1705 to encourage men to shave.
- In Chicago, candy that is prepared with flour is taxed as food at 1%, while candy that is prepared without flour is taxed as candy at 6.25%.
- Salt was a very popular thing to tax because consuming it is necessary to humans. The British placed a tax on salt, and the salt tax gained worldwide attention when Ghandi staged nonviolent protests against it.
- In Britain, Lady Godiva made her famous ride as a tax protest.
And for all you thieves reading this blog, take note…
- The IRS taxes stolen property. The 1040 instructions say that you should report it as stolen property. However, doing that would be self-incrimination, from which we are protected by the Constitution; therefore, one has the option of reporting it as “other income”.
Don’t forget to file and smile!