Tax Fact: Money Facts
Alakov469

Money is always on our minds. It is either, I need to work to get money or I need money to pay bills, buy food, clothing, and housing. So let’s learn so interesting money facts…..

1- In 1920, credit cards were first used in the United States
2- There are more than 1.6 million ATMs in the world
3- There are eagles printed on all U.S. currency
4- The United States officially adopted the dollar as its unit of currency in 1785
5- In 2011, Americans spent around the US $61.4 billion on their pets
6- Martha Washington donated her own silverware to make the first U.S. currency
7- More Monopoly money is printed each year than actual money
8- Between 1942 and 1945 nickels didn’t have any nickel in them. The coins were 9% manganese, 56% copper and 35% silver.
9- McDonald’s makes about the US $75 million per day
10- Pablo Escobar had enough cash that rats ate almost $1 billion of his money each year.
11- Abraham Lincoln was the first American to be pictured on an American coin in 1909.
12- Apple earns US $300,00 per minute
13- The U.S. dollar id the most commonly used currency in the world.
14- The study or collection of money is called “numismatics”
15- There are three ways by which Governments can get money:
1) print it
2) borrow it
3) collect taxes from their citizens

So…. with that last fun fact on money… How are you doing with your tax situation? Are you a business owner or are you trying to save for your future? Whatever it maybe we can help you achieve financial freedom. Taxes can be scary and most the time downright frustrating.

Let us help! Call today to set up your appointment.

Why wait until the last minute to figure out what you could have been doing to get you closer to your financial goal. From all of us here at Red Rock Tax & Consulting we hope that you are staying safe, staying healthy, and remember…

“The best way to get things done is to simply Begin”

Have any questions, give us a call here at Red Rock Tax & Consulting. We are here to help you get through the stress of taxes! We offer a free 30-minute consultation so call us and let’s get your appointment set up 435-635-2494

From all of us here at Red Rock Tax & Consulting we hope you have a spectacular day!

For more Tax Tips make sure you are following us on Facebook where we post Tax Tips every Tuesday.

Also, find out more about us at www.redrocktax.com

Have any questions, give us a call here at Metro Tax & Financial Services.
We are here to help you get through the stress of taxes!

We offer a free 30-minute consultation so call us and let’s get your appointment set up (928) 680-1444

For more Tax Facts make sure you are following us on Facebook

Click HERE for more Tax Facts and Financial News

Suggested Articles

2021 Tax Changes to Benefit You

Here are 2021 Tax Changes that will benefit you. Each tax year, there are refundable tax credits that individuals can qualify for if they’ve earned an income (EITC) or have a child (CTC). These credits are normally based on the earned income of an individual, but...

Tax Fact: Does buying or selling a house affect my Taxes?

How does buying or selling a house affect my taxes? Whether you are buying or selling a house, the process can be quite stressful, especially when thinking about potential tax implications. Buying a House- The new Closing Disclosure Form is one of the most important...

Tax Fact: S-Corp or LLC?

Question... Should I have an S-Corp or should I have a Single Member LLC? Limited liability companies(LLC) and S corporations share several benefits for sole proprietors, including protecting personal assets from business creditors. Choosing between a single-member...

5 Tips on How to Track Monthly Expenses

Keeping tabs on what you spend isn’t hard. It just has to become a habit. But here’s the good news: Studies show that it only takes an average of 66 days to form a habit. A little over two months. With these easy ways to track your monthly expenses,...

What’s coming in 2025

Somehow, another year has come and is almost gone! Throughout the year, we’ve discussed the tax changes and how they can or will affect you. As you know, several changes happen every year, and with new government officials, 2025 is nothing different. We’ll brush over...

Understanding the Differences Between FCFF and NOPAT

When it comes to financial analysis, there are two metrics that internal stakeholders and external users, such as investors and analysts, can use to assist with analyzing a business's operations.Free cash flow to the firm (FCFF) is used as part of a discount cash flow...

Common Business Accounting Calculations

No matter the type of business or industry, being able to analyze and deduce patterns is essential to discovering a business’ financial health. Here are four commonly used calculations to help internal and external stakeholders determine an organization's...

Cybersecurity Best Practices for the Holiday Season

The holiday season is when most people go on shopping sprees and travel. This season also witnesses a surge in online activities in today's digital world. Unfortunately, cybercriminals take advantage of this period to launch attacks. Therefore, cybersecurity should be...

What is the American Families Plan?

Photo by Jessica Rockowitz on Unsplash What is the American Families Plan? New presidents bring new administrations and they bring new policies, budgets, and proposals. In May, the Biden administration revealed their 2022 budget for the fiscal year. The $6...

Financial Implications of Marriage

Marriage isn’t just about two people who fall in love and choose to spend the rest of their lives together. It is also a contract. And while that contract might not be forever binding, marriage does come with certain financial and familial obligations regardless...