Today is the last day, in US, to file your 2006 tax return. It was Benjamin Franklin who said in this world nothing is certain but death and taxes, and it becomes harder for being a taxpayer nowadays.
According to The National Taxpayers Union, an advocacy group, average taxpayer spent 24.2 hours in record keeping, boning up on tax law and preparing their 2006 returns, with average cost of $207. In total, 3.18 billion hours in US were spent on individual tax preparations.
Corporations spent an estimated $156.5 billion working on their taxes, that is 44% of the $354 billion in corporate income taxes the U.S. collected last year.
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