2 3 live&learn&rejoice: Taxes, part 1

April 17, 2011

Taxes, part 1

In anticipation of the 18th of April -

All pretty much quoted from Business Insider - http://www.businessinsider.com/20-more-tax-facts-that-will-make-your-head-explode-2010-4#americans-spend-76-billion-hours-each-year-doing-their-taxes-1 and http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#half-of-america-has-25-of-the-wealth-2

--Americans spend 7.6 billion hours / year doing their taxes.
--The IRS employs 101,054 people.
--84% pf people think it is not okay to cheat on taxes.
--[could this be true?] If you report your employer for tax evasion, you could earn 30% of the amount not paid that the IRS finally collects.
--The bottom (in terms of wealth) 50% of the US population has only 2.5% of the nation's money.