Odds are, everyone has something to say about taxes. Even the ancient Greeks had something to say about the subject. Taxes are a necessary evil to some and perhaps just plain evil to others. Regardless of where you stand, however, taxes are here to stay.

To help you on your journey through the upcoming tax season–only 23 weeks until April 17–our November issue of California CPA brings you Fast Tax Facts. The feature is our annual compilation of state and federal facts and figures you’ll want to keep handy during the coming weeks. Special thanks to Teresa Schacherer and Brooke Sigler, CPA of Windes, Inc. for doing the heavy lifting and assembling the information.

While some people may bristle at just the word ‘tax,” it doesn’t have to be all bad–does it? Consider these fun facts:

  • The word “tax” is from the Latin taxo, meaning, “estimate.”
  • The 16th Amendment gave Congress the authority to enact an income tax.
  • Tax Day wasn’t always in April. In 1913, March 1 was the big day.
  • During the Middle Ages, European governments placed a tax on soap.
  • In 1789, England introduced a tax on candles.

Or consider these remarks:

  • A tax loophole is “something that benefits the other guy. If it benefits you, it is tax reform.” (Russell B. Long, former U.S. Senator)
  • “I am proud to be paying taxes in the United States. The only thing is, I could be just as proud for half the money.” (Arthur Godfrey, entertainer)
  • “The difference between death and taxes is death doesn’t get worse every time Congress meets.” (Will Rogers)

Tax related, Annette Nellen and Gary McBride discuss the tax consequences of a forfeited down payment in our November issue.

The current issue isn’t all about tax, though. Along with our regular CATax and government relations columns, Adam Blitz writes about the available tools that are making it easier to find–and put to use–key performance indicators and we profile Randy Hoffman, the 2016 winner of CalCPA’s Outstanding Educator Award.

We hope you’ll agree that this is one issue you won’t want to write off.