Tax Day Tea Party Fact Sheet
Here’s a Tax Day fact sheet for anyone looking for quick and easily digestible information about Taxes and Spending
Number of employees at the IRS in FY 2010: Over 100,000
Number of employees at the IRS in FY 1994: 101,000
Current IRS Budget: $11.4 billion
How many words does the IRS Code contain? The IRS Code is more than 3.4 million words
What is the origin of the Internal Revenue Service (IRS)? The IRS dates back to President Lincoln when he created the position of commissioner of the Internal Revenue and enacted an income tax during the Civil War. The income tax was repealed ten years later.
When was the U.S. Constitution amended to include the 16th Amendment? Wyoming ratified the 16th Amendment in 1913 providing the necessary majority of states to amend the Constitution. The first form 1040 appeared the same year.
When is the Cost of Government Day (COGD)? In 2001, Americans finished paying off their share of the total cost of government on July 5th. Due to bailouts, the Stimulus Package, and President Obama’s budget, Americans will finish paying off their share of the cost of government somewhere between August 9 and August 19th. To read more about COGD, visit ATR’s Center for Fiscal Accountability.
How much more has President Obama increased spending over other Presidents? The 40 year average for federal spending as a percentage of GDP is 20.7%. Looking at President Obama’s budget, federal spending will account for 28.7% of GDP this year.
Are there any new taxes in President Obama’s proposed budget? President Obama's Budget contains over $1 trillion in tax increases.
How much would President Obama’s Cap and Trade tax cost Americans? It would cost each American family up to $3,100 in new energy taxes a year.
How many members of the U.S. House of Representatives have signed the Taxpayer Protection Pledge? How many U.S. Senators? 172 members of the U.S. House and 34 members of the U.S. Senate have signed the Pledge never to raise income taxes.
How many state legislators have signed the Taxpayer Protection Pledge? There are 1,113 Pledge signers on the state level.