Tag Archives: income tax facts

The Complete Tax Code is Over 60,000 Pages!

Since it’s time to celebrate the last day of tax season, here is a video and some facts regarding income taxes:

Facts for 2010:

  • Tax code is over 60,000 pages
  • About 45% of households will not pay federal taxes this year
  • $431 billion is spent annually complying with the tax code
  • Top 400 earners will pay an average of 17%
  • More people work in the tax industry than Wal-Mart, UPS, McDonalds, IBM & Citigroup combined

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