As tax day draws near we bring you some interesting tax trivia. According to WalletHub, it costs the IRS 35 cents to collect $100 in federal revenue.
Americans spend a total of 6 billion hours on their taxes each year.
The average wait time when calling the IRS in 2016 was 17.8 minutes.
70% of filers get a federal tax refund, which on average is $2,897.
90% of refunds are issued in 3 weeks or less but it takes 5 weeks to get a refund from a paper filed return.
32% of taxpayers fear identity theft, which is almost twice as much as being audited which is 18% of taxpayers.
60% of taxpayers use a tax professional and spend an average of $280 on tax professional services in 2016 which is up from $269 in 2006.
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