Tuesday, April 13, 2010
Fiscal year 2008 7.75 billion hours spent filling out tax forms
$31.5 billion spent on tax software, photo copies, accounting services and other tax related services
For the fiscal year 2009, 1909 forms listed on IRS.Gov
$159.4 billion - the amount that corporations spent on tax compliance in 2008
24,000 - The amount of pages needed for General Electric to file its 2008 tax return
In 2009 45 countries streamlined or lowered coporate tax rates. The U.S. was not among them
In 2009 it is estimated that 47% of U.S. households will pay no federal income tax
The top 5% of taxpayers contribute 60% of revenue
The top 10% of taxpayers contribute 75% of all revenue
Hmm, if this doesn't make someone to take a serious look at the flat tax I don't know what will.
Also, Mr. President, exactly how is it that the "rich" are not paying their fair share?