Once you have read the following fifteen IRS facts, please share your
thoughts with a comment at the end.
15 Interesting Facts About the Irs
1. When it was first created, the IRS was known as the Bureau of Internal
Revenue. In the 1950’s the name was changed to the Internal Revenue
Service.
2. The initial income tax was only 3% tax on individuals making over
$800. Today the top tax bracket consists of a 35% tax.
3. The IRS was created
by President Abraham Lincoln during the Civil War to help pay for the military
expenses.
4. In order for the IRS to print the necessary forms and documents
over 300,000 trees are cut down every year.
5. The IRS collected $2.2
trillion in 2006, with $1.2 trillion coming from just federal income taxes.
6. Prior to the introduction of the Taxpayer Bill of Rights in 1998,
the burden of proof was put entirely on taxpayers, meaning taxpayers had to
prove themselves innocent.
7. The IRS sends out an average 8 billion page of
paper every tax season. If all the pieces of paper were laid out end-to-end, it
would wrap around the earth 28 times.
8. Over 229 million income tax returns
were filed with the IRS in 2006.
9. The federal government spends $200
billion per year on federal tax compliance, which is more money than it takes to
produce all of the cars in the United States.
10. The IRS employs over
114,000 people. That’s over double as many as the CIA and five times more than
the FBI.
11. The United States tax systems is widely known for being
confusing and difficult to understand. Therefore, over 60% of taxpayers seek
professional help preparing their tax returns.
12. The average family pays
over 38% of their total income to the IRS, which is more than the average family
spends on food, clothing, and shelter combined.
13. The IRS has a whistle
blowers program designed to help catch tax evaders. In 2005 they paid over $27
million to informants that resulted in nearly $350 million in revenue.
14.
The federal government spends about $10 billion per year to pay the IRS’s
114,000 employees.
15. Tax Day, the date when tax returns must be filed with
the IRS usually lands on April 15th. However, if the 15th is a weekend or
holiday, Tax Day is moved to the next business day.
The Tax Lady Roni Deutch and her law firm Roni Lynn Deutch, A
Professional Tax Corporation have been helping taxpayers across the nation
settle their IRS wage garnishments for over seventeen years.
Did you know that about the IRS
15 Interesting Facts About the Irs
1. When it was first created, the IRS was known as the Bureau of Internal
Revenue. In the 1950’s the name was changed to the Internal Revenue
Service.
2. The initial income tax was only 3% tax on individuals making over
$800. Today the top tax bracket consists of a 35% tax.
3. The IRS was created
by President Abraham Lincoln during the Civil War to help pay for the military
expenses.
4. In order for the IRS to print the necessary forms and documents
over 300,000 trees are cut down every year.
5. The IRS collected $2.2
trillion in 2006, with $1.2 trillion coming from just federal income
taxes.
6. Prior to the introduction of the Taxpayer Bill of Rights in 1998,
the burden of proof was put entirely on taxpayers, meaning taxpayers had to
prove themselves innocent.
7. The IRS sends out an average 8 billion page of
paper every tax season. If all the pieces of paper were laid out end-to-end, it
would wrap around the earth 28 times.
8. Over 229 million income tax returns
were filed with the IRS in 2006.
9. The federal government spends $200
billion per year on federal tax compliance, which is more money than it takes to
produce all of the cars in the United States.
10. The IRS employs over
114,000 people. That’s over double as many as the CIA and five times more than
the FBI.
11. The United States tax systems is widely known for being
confusing and difficult to understand. Therefore, over 60% of taxpayers seek
professional help preparing their tax returns.
12. The average family pays
over 38% of their total income to the IRS, which is more than the average family
spends on food, clothing, and shelter combined.
13. The IRS has a whistle
blowers program designed to help catch tax evaders. In 2005 they paid over $27
million to informants that resulted in nearly $350 million in revenue.
14.
The federal government spends about $10 billion per year to pay the IRS’s
114,000 employees.
15. Tax Day, the date when tax returns must be filed with
the IRS usually lands on April 15th. However, if the 15th is a weekend or
holiday, Tax Day is moved to the next business day.
About the Author:
The Tax Lady Roni Deutch and her law firm Roni Lynn Deutch, A
Professional Tax Corporation have been helping taxpayers across the nation
settle their IRS wage garnishments for over seventeen years.
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