by Danny Nelson | May 26, 2026 | Did You Know?
Did you know? The highest marginal tax rate in U.S. history was 94% in 1944 for incomes over $200,000 (which is about $3.8 million in today's dollars). FB LI...
by Danny Nelson | May 25, 2026 | Did You Know?
Did you know? Memorial Day was originally called Decoration Day because of the custom of decorating graves with flowers, wreaths, and flags. The name officially changed to Memorial Day in 1967. The first national observance occurred on May 30, 1868 at Arlington...
by Danny Nelson | May 24, 2026 | Did You Know?
Did you know? Churches (and other houses of worship including synagogues, mosques, temples, etc.) automatically qualify for federal income tax exemption under IRC Section 501(c)(3) if they meet basic requirements. No formal IRS application (Form 1023) is needed,...
by Danny Nelson | May 23, 2026 | Did You Know?
Did you know? The U.S. has a progressive income tax system with seven marginal brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. For tax year 2026, the 37% top rate kicks in at taxable incomes above $640,600 (single) or $768,700 (married filing jointly). The 10%...
by Danny Nelson | May 22, 2026 | Did You Know?
Did you know? The IRS employs about 90,000 full-time-equivalent staff, with roughly 40% dedicated to taxpayer services. IRS Criminal Investigation has about 3,500 employees, including roughly 2,300 armed special agents, and investigates tax crimes and money...
