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2015 IRS Data Book – Working Individuals Paying Most of the Taxes with Increases Every Year – Who Are You Voting For?

2015 IRS Data Book – Working Individuals Paying Most of the Taxes with Increases Every Year – Who Are You Voting For?

The Internal Revenue Service (IRS) Data Book is published annually by the IRS and contains statistical tables and organizational information on a fiscal year basis. The report provides data on collecting the revenue, issuing refunds, enforcing the law, assisting the taxpayer, and the budget and workforce.

Highlights of this year's 2015 Data Book

  • During FY 2015, the IRS collected more than $3.3 trillion, processed more than 243 million tax returns and other forms, and issued over $403 billion in tax refunds.
  • With more than a 15-percent reduction in full-time-equivalent staffing compared to 5 years ago, operations across a number of areas were downsized, including the total number of individual tax return examinations, which decreased by 22 percent over the same time period.
  • The agency’s Website continued to get heavy use with more than 493 million visits to IRS.gov in FY 2015; and one of our most popular online tools, “Where’s My Refund?”, handled a record-breaking 234 million inquiries, a 24-percent increase over the prior year.

Graphic shows gross collections by type of tax for fiscal years 2006 through 2015. There has been slow and steady growth in total gross collections, which include individual income, business income, employment, estate and gift, and excise tax.

This chart also evidences the unfairness in the Internal Revenue Code, as it reflects that individuals continue to bear the burden of paying most of the taxes every year and the only thing they have to look forward to is increases in the amount of taxes they pay collectively every year.

I can also tell you from experience that it's not the top 1% of the wealthiest individuals who are paying most of these individual taxes, its is all of us W-2 Wage Earning Employees a/k/a the Middle Class.

If you want this to change, please consider the different tax policies offered by the various presidential candidates when you vote. Here are the Presidential Candidates and their respective tax plans as described by Tax Policy Center (TPC ) of the Urban Institute and Brookings Institute.

        

      Sanders Tax Plan

    Clinton Tax Plan 

Interesting Image

   Trump Tax Plan                                     Cruz Tax Plan

 

Have a Tax Problem?
Contact the Tax Lawyers at
Marini & Associates, P.A.
 for a FREE Tax Consultation Contact US at 
or Toll Free at 888-8TaxAid (888 882-9243).

 

Read more at: Tax Times blog

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