Over the course of their lifetime, the average American will pay $525,037 in taxes. Nearly two-thirds of the total, or roughly $340,000, comes from taxes on earnings, with the rest made up of sales, property, and automobile taxes. Yahoo! May 17, 2021
Next month begins the half-year ahead of the midterm elections, the weakest six months for stocks in the presidential cycle. Looking back to 1926, the total return of the S&P 500 index has averaged just 2.2% from the months May to October in the second year of a presidency. The subsequent November-April period, stretching into the third year of a president’s term, was far away the best, averaging a 13.9% return. Barron’s, April 8, 2022
Twenty-one percent of American workers took a new job in the past 12 months. Of the recent job-switchers, 40% are already actively looking for another job. CNBC, April 11, 2022
April 15th has not always been the filing deadline. March 1st was the date specified by Congress in 1913, after the passage of the 16th amendment. In 1918 Congress set the date to March 15th, where it remained until the tax overhaul of 1954, when the date was again moved to April 15th. Library of Congress
Over the course of 192,000 years, demographers estimated that 109 billion people have lived and died on earth. If you add that number to the people alive today, we get 117 billion humans that have ever lived. That means that 7% of all humans who have ever lived are alive today. World Economic Forum, April 4, 2022
The annual survey of financial literacy found that adults correctly answered only one-half of the 28 questions. Perhaps more disturbing, 23% couldn’t correctly answer more than seven of the questions correctly. InvestmentNews, April 13, 2022
“You don’t pay taxes – they take taxes!” Chris Rock
