A Few Illustrations of the Federal Tax System's Impact

Americans devote 5.4 billion hours a year to federal tax-related paperwork. Businesses devoted 3.614 billion hours and individuals devoted 1.813 billion hours to federal tax compliance activities in 1995. 2.943 million Americans worked full time on federal tax compliance activities in 1995. The private sector tax compliance work force was almost 32 times the 93,000 person work force of the IRS in 1995. The average family today pays more in taxes than it spends on food, clothing and shelter combined. - OMB 293, 760 trees are felled yearly to print the Federal Tax Regulations alone. This does not include the paper used in tax forms. - Dr. Alvin Rabushka The IRS estimates that it takes about 27 hours for the average family to keep records and prepare an itemized Form 1040 with a few additional schedules. - Internal Revenue Service ----- Brought to you by - The 'Lectric Law Library The Net's Finest Legal Resource for Legal Pros & Laypeople Alike. http://www.lectlaw.com