Thursday, April 15, 2010

Tax stats

Given that today is tax day, I thought I'd have a little fun with some random tax statistics, juxtaposed against some other random stats. Here you go:


  • $27.7 billion ….. amount spent by Americans to prepare their taxes this year – enough dollar bills to circle the world 105 times if laid end to end

  • 3.7 million ..… number of words in the Federal tax code

  • 788,000 ….. number of words in the Bible


  • 63 ….. number of pages my tax filings were this year


  • 127 ….. the number of years the Federal government was able to function WITHOUT a Federal income tax


  • 1913 ….. the year the 16th Amendment was added to the Constitution, authorizing the Federal income tax


  • 1% ….. the percentage of the population that was required to pay Federal income taxes after the 16th Amendment and associated tax laws were passed


  • 53% ….. the percentage of the population that currently pays a Federal income tax


  • 400 ….. the number of pages in the Federal tax code in 1913


  • 68,000 ….. the number of pages currently in the Federal tax code


  • 600 ….. the number of pages in a 1945 Boeing B-17 Bomber design spec manual


  • 40% ….. the percentage of total income taxes paid by the top 1% of earners


  • 66% ….. the percentage of Americans who say we're overtaxed


  • 81% ….. the percentage of Mainstream Americans voters who say we're overtaxed


  • 74% ….. the percentage of those in the Political Class who disagree with the above 81%


  • 95% ….. percent of Americans President Obama said would get a tax cut under his Administration


  • 8% ….. the percent of Americans who think their taxes actually WILL be cut during President Obama's term


  • 46% ….. percentage of Americans who currently expect a tax hike under President Obama


  • 115,000 ….. the number of people employed by the IRS


  • $10.7 billion ….. the expense budget of the IRS in 2007


  • 6 ….. the number of days the average American has worked so far this year accumulating disposable personal income for themselves and their family. The first 99 days were for the government.

Tax Freedom Day was April 9th this year.

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