Millions faithfully file their 1040 forms each April. But some fun facts about federal income taxes may surprise you.
Complying with the tax code takes a lot of time, money, and effort. Americans spend 6.5 billion hours calculating their taxes each year
If tax compliance was a company, 3,000,000 people would have to be employed there full-time
27% of people hire a professional tax preparer
There are 78,661 full-time employees at the IRS in 2021
Totaled up, our efforts to comply with the tax code cost 249 billion dollars, or $748 for every man, woman, and child in the country
There were 167,915,264 individual income tax returns in 2021
2.04 trillion dollars in federal individual income taxes were collected in 2021
The top 50% of all taxpayers paid 97% of the 2.04 trillion dollars collected in 2021
"Anyone may so arrange his affairs that his taxes shall be as low as possible... there is not a patriotic duty to increase one's taxes."
-Learned Hand (US District Court Judge)
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