If someone reports their company for tax evasion, what percentage of the amount collected will they receive?

30% Click to see the answer

In 2010, taxes collected by federal, state and municipal governments of the US amounted to what percentage of GDP?

24.80%

Which author once said 'few of us ever test our powers of deduction, except when filling out an income tax form'?

Laurence J. Peter

What is the name of the tax system used in the US where people who earn more pay more tax?

Progressive

Which famous scientist said 'the hardest thing in the world to understand is the income tax'?

Albert Einstein

How many pages of forms and instructions does the IRS send out each year?

8 billion Click to see the answer

Which President introduced the first personal income tax in the United States?

Abraham Lincoln

Which of these values is closest to the amount the Obamas paid in tax in 2010?

$400,000

How much does it cost taxpayers for each $100 collected by the IRS?

42 cents

How many of the US states charge their citizens an income tax?

43

Which of these states does not charge its citizens an income tax?

Texas

The word 'tax' comes from Latin word 'taxo' which means what?

I estimate

How many words are there in the Federal Tax Code?

3,700,000 Click to see the answer

What percentage of Americans did not pay income tax in 2012?

47%

In what year was the first electronically filed tax return?

1986

What is the error rate of an e-file tax return?

0.50%

Taxes on alcohol, tobacco and gambling have what nickname?

Sin taxes

What was the average amount in tax refund in 2010?

$3,003

How much did General Electric pay in US taxes in 2010?

$0

Who was the first US President to release their tax returns?

Jimmy Carter