How much are you paying in tax towards pleasure products like alcohol, cigarettes, gambling and marijuana? This infographic gives you an idea how much you would be paying for these items if tax was excluded from the price.
How much does your sin cost? A sin tax is added to products or services that are considered to be unhealthy. Check out the infographic below to learn more about sin taxes.
Who doesn’t love tax deductions? However, there are some quite bizarre tax deductions out there. Check out the infographic below to learn about them.
This infographic from provides a brief history of the U.S. government’s misadventures, mishandling and misuse of your tax dollars. If you are not already from reading that statement, read on because you will be soon enough!
In this infographic from Master of Accounting Degrees, see how American feelings on taxes have changed over time, especially with all the recent IRS scandals.
The federal income tax was instituted in July of 1861 to help the government fight the Civil War. After patriotically paying our taxes we may dread the possibility of being audited. Do not fear! In actuality the odds are pretty slim. The following infographic is chock full of information and stats related to audits such as – types of audits, number of audits performed per calendar year, and more.
More and more companies are stashing their cash offshore, and they’re doing it at alarming rates. Why? Put simply, it’s about eluding the tax man. Learn more about the tax havens of the wealthy and powerful in the following infographic by Online Accounting Degrees.
If your full time occupation is blogging, you may not be aware of all the tax deductions you should be keeping track of when filing your tax returns. TheySmell.com has come up with the following infographic that offers a quick list of tax deductions bloggers can utilize to reduce their taxable income.
Most in the UK lose approximately one fifth (20%) of wages to Income Tax and National Insurance contributions: in tax year 2013/14 the first £9,440 of everyone’s earnings are entirely tax free. The more they earn, the more they pay: employees start paying 40% on all earnings above £32,000. For earnings above £150,000, you can expect to pay 45% (these figures for tax year 2013-14 are applicable after 6 April). In addition, during tax year 2012/13, the UK government collected more than £91 million in National Insurance payments from the country’s workforce.
Facebook, Google, Apple – three big name companies you have all heard of and know well. But there are a few “shady” things about these companies you may not know. For example you may not know that they send a portion of their profits overseas rather than being taxed in the US. This scheme has been nicknamed Double Irish.
The following infographic from A#1 Air features energy efficient home improvements and energy efficient appliances that come with tax breaks. It also provides some suggestions as to what you can do with all those savings!
If you’re one of the 1% of Americans who control over 40% of the country’s wealth, life is full of choices. Among them — how best to keep all that money away from the government. The U.S. economic system offers no shortage of loopholes allowing the ultra-rich to shortchange Uncle Sam. This infographic from Top Accounting Degrees reveals some of them.
Want to learn how to cut your tax bill? Who doesn’t want to save money on their taxes due! This infographic describes how homeowners and businesses can receive tax rebates and save money by purchasing energy-efficient devices for their homes.
There are many mistakes that people make when filing their taxes, and familiarizing yourself with these common mistakes can help you avoid them and eliminate the chance of fines. Common mistakes include not filing taxes on time, reporting the wrong information or even simple math errors. People also commonly forget to keep their old returns and their old receipts, which they could need in the future.