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
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—Ralph Waldo Emerson (1803–1882)
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“O for a man who is a man, and, as my neighbor says, has a bone in his back which you cannot pass your hand through! Our statistics are at fault: the population has been returned too large. How many men are there to a square thousand miles in this country? Hardly one.”
—Henry David Thoreau (1817–1862)