Question of the Day

On average, how much time per year per household do U.S. taxpayers (including businesses) spend complying with the requirements of federal tax law?

Correct Answer

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U.S. taxpayers spend roughly 6.1 billion hours per year complying with the requirements of federal tax law. This amounts to 50 hours per household or the labor equivalent of more than three million full-time workers.

DocumentationFederal Tax Complexity