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