Dominic is on His Way To Financial Freedom!
“This is Dominic. I was calling to thank National Credit Federation for all the help that they’ve done.
I have successfully gotten out of the 500s and have entered the 700s with my credit score. I am well on my way to establishing financial freedom.
I’ve gotten a $10,000 credit limit on one credit card and I’m in the process of buying a house and this is all thanks to National Credit Federation and everybody that has just helped me along from my case manager to billing. Everybody has just been great!”
Taxing Trivia
The IRS expects to receive more than 148 million individual tax returns this year, and more than four out of five returns are now filed electronically.
About three out of four filers typically get refunds, and the IRS issues more than nine in ten of these refunds in less than 21 days.
Last year, taxpayers received an average refund of $2,744. E-file, when combined with direct deposit, is the fastest way to get a refund.
There are at least 480 different tax forms, each with many pages of instructions. Even the easiest form, the 1040E has 33 pages in instructions, and all in fine print.
The Gettysburg address is 269 words, the Declaration of Independence is 1,337 words, and the Holy Bible is 773,000 words. United States tax law was 11,400 words in 1913, but has grown to more than 7 million words today.
60% of taxpayers must hire a professional to get through their own return.
The IRS sends out 8 billion pages of forms and instructions each year. Laid end to end, they would stretch 28 times around the earth.
Nearly 300,000 trees are cut down yearly to produce the paper for all the IRS forms and instructions. The total number of computers thrown out the window, or kicked with a frustrated foot is unknown.
American taxpayers spend $200 billion and 5.4 billion hours working to comply with federal taxes each year, more than it takes to produce every car, truck, and van in the United States.
Taxes eat up nearly 40% of the average family’s income; that’s more than for food, clothing and shelter combined.m into profit.
“Today, it takes more brains and effort to make out
the income-tax form than it does to make the income.”
~ Alfred E. Neuman
Herschel Bentley is the Executive Director of National Credit Federation. He has 30 years experience in the credit, mortgage and real estate markets and loves helping people improve their credit and seeing referral sources grow their business.
Lawrence M Law is the CEO of Vantage Credit Alliance… the Regional Director for NCF. He has had over 25 years experience in the Financial Industry looking for “Outside the Box” tools and strategies that work where typical financial planning does not. If you would like to contact him, call 801-769-9443 or request a Free Consultation by Clicking Here.
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