Happy tax day, suckers
Not funny ha ha but funny sad:
So let me get this straight: Lawmakers continue to insist on a Byzantine, gordian mess of a tax code that requires us to spend billions annually on tax advice and preparation.
Yet if you call the IRS and ask for advice, not only are you unlikely to get a reply, if you do, there’s a good chance the advice you get will be wrong, and following it could still get you prosecuted?
People scurrying to meet Friday’s tax deadline might consider this: It’s taking you and your fellow Americans 6.6 billion hours to do all that paperwork.
The basic tax return — the Form 1040 filed by most people every year — accounts for 1.6 billion hours.
And, here’s a round up of happy fun tax facts past:
Bribes and kickbacks to governmental officials are deductible unless the individual has been convicted of making the bribe or has entered a plea of not guilty or nolo contendre.
In 1999, taxpayers contacted the IRS for assistance approximately 117 million times.
The Internal Revenue Code consists of approximately 1,395,000 words.
There are 693 sections of the Internal Revenue Code that are applicable to individual taxpayers, 1,501 sections applicable to businesses, and 445 sections applicable to tax-exempt organizations, employee plans, and governments.
As of June 2000, the Treasury Department had issued almost 20,000 pages of regulations containing over 8 million words.
In 2000, there were 129,373,500 returns filed. Of which, 96,817,603 were taxable and 32,555,897 were not.
In 2002 individuals, businesses and non-profits will spend an estimated 5.8 billion hours complying with the federal income tax code (henceforth called “compliance costs”), with an estimated compliance cost of over $194 billion
As of 1998, 32% of individual federal income taxes are needed in order to pay the interest on the national debt.
It is estimated that total income tax receipts in 2003 will be $1,211,843,000,000.
The instructions for filing the Easy Tax Form are 32 pages
At least it’s also buy a gun day. Nothing bought yet, still haven’t decided what I want.
More: Foxtrot weighs in.