People Spend 6.1 Billion Hours to Do Their Taxes Every Yr or 16 Hours Per Individual

In line with private finance web site WalletHub, People spend 6.1 billion hours to do their taxes every year at a value of $233.8 billion. It averages out to be 16 hours per individual at $270. On account of lots 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 People to do their taxes every year (16 hours per individual)
  • 35%: Of taxpayers would slightly focus on intercourse with their children than do their taxes
  • 27%: Of People would get an IRS tattoo to keep away from taxes for all times
  • 700%+: Enhance in tax-related identification theft instances since 2010
  • 23%: Lower in IRS enforcement workers since 2010

(wallethub.com)

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