Tax Collection Statistics
Summary of Collections before Refunds by Type of Return, Fiscal Year 2010
| Type of Return | Number of Returns | Gross Collections |
|---|---|---|
| Individual Income Tax | 141,166,805 | 1,163,688 |
| Employment Taxes | 29,787,494 | 824,188 |
| Corporate Income Tax | 2,355,803 | 277,937 |
| Excise Taxes | 836,793 | 47,190 |
| Estate Tax | 28,780 | 16,931 |
| Gift Tax | 286,522 | 47,190 |
| Total | 174,405,682 | 2,332,754 |
Summary of Collections before Refunds by Type of Return, Fiscal Year 2007
| Type of Return | Number of Returns | Gross Collections |
|---|---|---|
| Individual Income Tax | 138,893,908 | 1,366,241 |
| Employment Taxes | 30,740,592 | 849,733 |
| Corporate Income Tax | 2,507,728 | 395,536 |
| Excise Taxes | 989,165 | 53,050 |
| Estate Tax | 55,924 | 24,558 |
| Gift Tax | 286,522 | 2,420 |
| Total | 173,351,839 | 2,691,538 |
For fiscal year 2009, the U.S. Congress appropriated spending of approximately $12.624 billion of "discretionary budget authority" to operate the Department of the Treasury, of which $11.522 billion was allocated to the IRS. The projected estimate of the budget for the IRS for fiscal year 2011 was $12.633 billion. By contrast, during Fiscal Year (FY) 2006, the IRS collected more than $2.2 trillion in tax (net of refunds), about 44 percent of which was attributable to the individual income tax. This is partially due to the nature of the individual income tax category, containing taxes collected from working class, small business, self-employed, and capital gains. The top 5% of income earners pay 38.284% of the federal tax collected.
Recently, the IRS has altered its policies. The current Service plus Enforcement equals Compliance motto mirrors its recent increase in investigations of abusive tax schemes.
As of 2007, the agency estimates that the United States Treasury is owed $354 billion more than the amount the IRS collects.
In 2011, 234 million tax returns were filed allowing the IRS to collect $2.4 trillion out of which $384 billion were attributed to mistake or fraud.
Read more about this topic: Internal Revenue Service
Famous quotes containing the words tax, collection and/or statistics:
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
—Alexis de Tocqueville (1805–1859)
“What is all wisdom save a collection of platitudes? Take fifty of our current proverbial sayings—they are so trite, so threadbare, that we can hardly bring our lips to utter them. None the less they embody the concentrated experience of the race and the man who orders his life according to their teaching cannot go far wrong.”
—Norman Douglas (1868–1952)
“We already have the statistics for the future: the growth percentages of pollution, overpopulation, desertification. The future is already in place.”
—Günther Grass (b. 1927)