The following content has been automatically translated by close 
By Expert Author: Roni Deutch | Article Abstract Word Count: 394 words | Views: 173 view(s)
Every year millions of Americans file a tax return with the IRS, but how much do we really know about this division of the government that so many fear?

Text:
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 whistleblowers 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.
Roni Deutch

About the Author/Author Bio

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.

Article Source: http://www.sq.articlesphere.com/Article/15-Interesting-Facts-About-the-IRS/131040

Article Submitted: 2008-03-18 | This Article has been viewed 173 times.
Related Videos

 

Related Articles

 
 

Listed below are more articles related to the above article from the "Taxes" article category.

People interested in the above article "15 Interesting Facts About the IRS" are also interested in the related articles listed below:

 

How The Enterprise Zone Hiring Tax Credit Can Help Your California Company

If you are unsure whether or not your company might qualify for these hiring tax credit options, be sure to contact a certified public accountant with experience with work opportunity tax credits, also called wotc california, who can take a look at your company and see where you may find the best tax deductions and credits.

Save Money This Tax Season With Enterprise Zone Credits

California certified public accountant. An accountant with a thorough understanding of these enterprise zone credits can help you with your corporate tax planning so that you can save money and help your local community at the same time.

Outsource Tax Preparation - An Effective Way to Reduce Your Burden of Tax Return

Outsourcing tax preparation has gradually grown at an unusual rate. It has slowly become known in the entire business world as entrepreneurs have known its advantages to their developing businesses. Business owners are quite pleased with how outsource tax preparation has worked for them.

Income Tax Filing

Income tax was levied on non-residents and American citizens living and working in a foreign country and for the federal government. During World War I, the government requested that citizens volunteer to pay taxes as a way to pay for the war. During World War II the government employed Walt Disney and his cartoon character, Donald Duck, to increase the voluntary payment of the income tax.

Bank on Yourself Tax Relief

It's that time of the year again when most people's thoughts are focused on one of our least favorite topics �? taxes. That's why I thought you might appreciate a little relief �? both comic and financial. (Bank On Yourself has numerous tax advantages I'll explain in a moment.)

Government Tax Foreclosures Can Offer the Biggest Savings in Real Estate

Of all types of foreclosures, government tax foreclosures often offer some of the lowest prices in foreclosure real estate - and some of the best equity. Government tax foreclosures are properties which have been repossessed because a previous homeowner did not pay property taxes. In many cases, the taxes only amount to a tiny percentage of the actual value of a home, but the government is trying to recoup this small amount of money. This means that it is possible to buy a government tax foreclosure property for the cost of outstanding taxes - often only a small percentage of the property's true value.

The Top US Tax Bracket for Retirees and Financial Planning

Despite the new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3 per cent. Why? Because Social Security benefits are subject to income tax. Those affected are Social Security recipients who have the good fortune (misfortune?) to be subject to both the 25 per cent income tax bracket and the 85 per cent inclusion rate for Social Security benefits.
 
Article Directory Home All Categories Finance Taxes
 
 

Can't find what you're looking for? Try Google Search!
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.