Tuesday, April 13, 2010

Things that make you say hmm - Income Tax Edition

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? 

1 comment:

Sparky said...

Very good! And another thing to make one go "Hmmm ..." is the fact that Bill Gates (ala Microsoft), one of the wealthest men in the world, was FOR the Wealth Redistribution, um, Healthcare "reform" Bill, left the country with this money and now lives in New Zealand. (Source: Forbes)

Hmmmm ... ???!!

Related Posts with Thumbnails
Google Analytics Alternative