H&R Block once discovered that their own taxes were too complex for them to manage. 10
IKEA is legally a “nonprofit” organization…
IKEA is legally a “nonprofit” organization — a designation which dramatically reduces its tax burden — despite reported global sales of €26bn (≈$28B) annually. 00
President Nixon, after many years of refusing…
President Nixon, after many years of refusing to release his tax returns for review, said “People have got to know whether or not their president is a crook. Well, I am not a crook.” After the investigation, he was forced to pay $465,000 in back taxes he owed. 01
Franklin D Roosevelt called for a maximum…
Franklin D Roosevelt called for a maximum wage of $25,000 (about $365,000 in today’s money) and 100% tax on all earnings above that. 20
In Norway they publish their citizen’s annual…
In Norway they publish their citizen’s annual tax returns online. If you accesses someone’s tax return, that person will receive a notification that someone’s checking on him. 10
Denmark charges a tax…
Denmark charges a tax of 150% on all new car purchases. 00
Russia banned the sale of vodka during World…
Russia banned the sale of vodka during World War I. The government immediately lost a third of its income.
285,000 companies including Apple, Coca-Cola, GE, Google, and Walmart…
285,000 companies including Apple, Coca-Cola, GE, Google, and Walmart are officially headquartered at 1209 North Orange Street, Wilmington, Delaware due to the state’s low corporate tax rates.
Ancient Romans used ammonia from urine to wash togas in a manner…
Ancient Romans used ammonia from urine to wash togas in a manner similar to modern day dry cleaning, and the collection of urine was taxed.
Angered by the IRS’s refusal to allow deductions for all three…
Angered by the IRS’s refusal to allow deductions for all three of his children, a man threatened to turn the raising of two of them over to the government.