Taxes are something that everyone pays, but few people feel they really understand. And it’s no wonder why – the Tax Code and associated regulations and case law make up a very big body of governing policy. Tax attorneys spend years studying the laws – and a lifetime keeping up with changes. Learn more about taxes and the associated laws with these fast facts:

-Big Payday: The IRS brings in over $950 billion dollars in taxes each year.

-Top Deductions: Taxes paid to state and local governments account for the largest amount of deductions. The second biggest source of deductions is interest, particularly from home mortgages.

-$116,555: The amount of annual income necessary to be considered in the top 10% of the nation’s earners.

-E-Filing Rules Returns: Approximately 90% of all tax returns are submitted via e-filing.

-4 Million: The number of words in the Tax Code. By comparison, the novel Les Miserables is 655,478 words and the notoriously long War and Peace is 587,287 words. The Tax Code has both literary classics beat in terms of word count many times over.

As an attorney with the title of Masters of Law in Taxation, Belinda has expert insight into the inner workings of the U.S Tax Code – and the nuances of its 4 million words. If you want to maximize your earnings and minimize your tax liability, then seek the experienced legal advice of a tax attorney at France Law Firm.