Transcribed

The Complexity Of The US Táx System QUICKSPROUT There are roughly 138,000,000 tax payers in the US Who pay over \$2.5 trillion in taxes per year 92,000,000 of those Make Under \$50,000 per year and are taxed an average of 10-15% of their income 78% Of those filing taxes receive a refund Which While less than 5,000,000 make over \$200,000 a year and are taxed an average of 20-25% of their income averages \$2,700 dollars 16.3% of Americans evade taxes each year Which amounts to \$345 billion in lost revenue and is equal to 2.6% of the national GDP in 1913 the tax code was 400 pages long Today it is 70,320 Due to its complexity, the IRS estimates it will take 24.2 hours to do your tax return As a result, more than 60% of tax payers pay someone else to prepare their taxes OF The Complexity Of The US Táx System QUICKSPROUT There are roughly 138,000,000 tax payers in the US Who pay over \$2.5 trillion in taxes per year 92,000,000 of those Make Under \$50,000 per year and are taxed an average of 10-15% of their income While less than 78% Of those filing taxes receive a refund Which 5,000,000 make over \$200,000 a year and are taxed an average of 20-25% of their income averages \$2,700 dollars 16.3% of Americans evade taxes each year Which amounts to \$345 billion in lost revenue and is equal to 2.6% of the national GDP in 1913 the tax code was 400 pages long Today it is 70,320 Due to its complexity, the IRS estimates it will take 24.2 hours to do your tax return As a result, more than 60% of tax payers pay someone else to prepare their taxes The Complexity Of The US Táx System QUICKSPROUT There are roughly 138,000,000 tax payers in the US Who pay over \$2.5 trillion in taxes per year 92,000,000 of those Make Under \$50,000 per year and are taxed an average of 10-15% of their income While less than 78% Of those filing taxes receive a refund Which 5,000,000 make over \$200,000 a year and are taxed an average of 20-25% of their income averages \$2,700 dollars 16.3% of Americans evade taxes each year Which amounts to \$345 billion in lost revenue and is equal to 2.6% of the national GDP in 1913 the tax code was 400 pages long Today it is 70,320 Due to its complexity, the IRS estimates it will take 24.2 hours to do your tax return As a result, more than 60% of tax payers pay someone else to prepare their taxes The Complexity Of The US Táx System QUICKSPROUT There are roughly 138,000,000 tax payers in the US Who pay over \$2.5 trillion in taxes per year 92,000,000 of those Make Under \$50,000 per year and are taxed an average of 10-15% of their income While less than 78% Of those filing taxes receive a refund Which 5,000,000 make over \$200,000 a year and are taxed an average of 20-25% of their income averages \$2,700 dollars 16.3% of Americans evade taxes each year Which amounts to \$345 billion in lost revenue and is equal to 2.6% of the national GDP in 1913 the tax code was 400 pages long Today it is 70,320 Due to its complexity, the IRS estimates it will take 24.2 hours to do your tax return As a result, more than 60% of tax payers pay someone else to prepare their taxes The Complexity Of The US Táx System QUICKSPROUT There are roughly 138,000,000 tax payers in the US Who pay over \$2.5 trillion in taxes per year 92,000,000 of those Make Under \$50,000 per year and are taxed an average of 10-15% of their income While less than 78% Of those filing taxes receive a refund Which 5,000,000 make over \$200,000 a year and are taxed an average of 20-25% of their income averages \$2,700 dollars 16.3% of Americans evade taxes each year Which amounts to \$345 billion in lost revenue and is equal to 2.6% of the national GDP in 1913 the tax code was 400 pages long Today it is 70,320 Due to its complexity, the IRS estimates it will take 24.2 hours to do your tax return As a result, more than 60% of tax payers pay someone else to prepare their taxes The Complexity Of The US Táx System QUICKSPROUT There are roughly 138,000,000 tax payers in the US Who pay over \$2.5 trillion in taxes per year 92,000,000 of those Make Under \$50,000 per year and are taxed an average of 10-15% of their income While less than 78% Of those filing taxes receive a refund Which 5,000,000 make over \$200,000 a year and are taxed an average of 20-25% of their income averages \$2,700 dollars 16.3% of Americans evade taxes each year Which amounts to \$345 billion in lost revenue and is equal to 2.6% of the national GDP in 1913 the tax code was 400 pages long Today it is 70,320 Due to its complexity, the IRS estimates it will take 24.2 hours to do your tax return As a result, more than 60% of tax payers pay someone else to prepare their taxes

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Tax season may be gone, but it never hurts to stay informed. Desperate times may call for desperate measures, but Mint.com's infographic on taxes in the United States estimates that over 1/8 of Americ...

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