Tax Freedom Day is the day that the money that you earn that particular year, on average, stops going into the government’s pocket and starts going into yours.
Tax Freedom Day By Year:
April 24, 2015
April 21, 2014
April 18, 2013
April 13, 2012
April 12, 2011
April 9, 2010
April 8, 2009
April 16, 2008
April 24, 2007
April 26, 2006
April 21, 2005
April 15, 2004
April 14, 2003
April 17, 2002
April 27, 2001
May 1, 2000
The Gettysburg address is 269 words, the Declaration of Independence is 1,337 words, and the Holy Bible is only 773,000 words. However, the tax law has grown from 11,400 words in 1913, to over 7 million words in 2012. This does not count additional information regarding the Affordable Care Act.
There are at least 480 different tax forms, each with many pages of instructions. Even the easiest form, the 1040E has 33 pages in instructions, and all in fine print.
The IRS sends out 8 billion pages of forms and instructions each year. Laid end to end, they would stretch 28 times around the earth.
Nearly 300,000 trees are cut down yearly to produce the paper for all the IRS forms and instructions. The total number of computers thrown out the window, or kicked with a frustrated foot is unknown.
American taxpayers spend $200 billion and 5.4 billion hours working to comply with federal taxes each year, more than it takes to produce every car, truck, and van in the United States.
The IRS employs 114,000 people; that’s twice as many as the CIA and five times more than the FBI.
60% of taxpayers must hire a professional to get through their own return.
Taxes eat up nearly 40% of the average family’s income; that’s more than for food, clothing and shelter combined.
“To you taxpayers out there, let me say this: Make sure you file your tax return on time! And remember that, even though income taxes can be a ‘pain in the neck,’ the folks at the IRS are regular people just like you, except that they can destroy your life.”
– Dave Barry