Trivia about money, jobs, budgets, credit, debt, and anything related to personal finance.


*In 1985, 5 tax preparers submitted 25,000 returns electronically to the IRS. Today, we submit over 100 million per year.

*142 million tax returns were filed in 2008, and 51.6 million of those returns were for “people whose exemptions, deductions and credits wiped out any federal income tax due. Source

*As of 2011, the federal government is borrowing an average of 36 cents of every dollar paid out.

*In 2010 it cost taxpayers $120 million and 2 million pounds of paper to get Social Security recipients their checks, and over a half million of those checks were reported lost or stolen.

*Odd ball taxes: tattoo tax, fur clothing tax, playing card tax, sparkler and novelties tax, and illegal drug tax! Source

*Earned Income Tax Credit: You do not qualify for EITC if your filing status is Married Filing Separately.

*Since the attacks of Sept. 11, 2001, spending for national defense rose from 3.0 percent of GDP that year to 4.8 percent last year.

*Earned Income Tax Credit: Review your eligibility. Just because you didn’t qualify last year, doesn’t mean you won’t this year.

*Earned Income Tax Credit: If you qualify, the credit could be worth up to $5,666.

*Report your company for tax evasion, and you can earn 30% of the amount collected. Source

*The number of pages in the tax code has increased 16,775% in the past century. Source

Get more financial trivia here: Budget  Clothing  Coupons  Credit  Economy  Education  Employment  Entertainment  Entrepreneurs  Famous People  Food  Health  Holidays  History  Housing  Household  Insurance  Marriage  Miscellaneous  Real Estate  Retirement  Spending  Taxes  Transportation  Unemployment

The Quarter Roll is published to provide personal insights and opinions on everyday ways of saving and managing money, budgeting, and reducing debt. The Quarter Roll does not give professional accounting, legal, or investing counsel. The ideas, examples, and advice presented on this site are solely the opinion of the authors based on his or her personal experiences. All photos courtesy of The Quarter Roll, iStockphoto, or Dreamstime. ©  All rights reserved. This site is best viewed when using Adobe Flash Player. free money magazine