Wednesday, April 15, 2009

Tax by the Numbers

Some 2008 tax facts to get you through the 2009 deadline:

Total dollar value collected via personal income tax: 1.3 trillion

Total dollar value of income tax, employment tax, corporate tax, estate tax, and gift tax collected: 2.7 trillion

Number of filings with IRS: 156 million

Percentage filed using "e-filing" system: 57%

Percentage of taxpayers receiving a refund: 69%

Total dollar value of refunds: 261.3 billion

Average refund: $2,429

Website hits for "irs.gov": 351 million

If your adjusted gross income was more than $388,806, you were in the top 1% of AGI. If your AGI was more than $108,904, you were in the top 10% of AGI. The median AGI was $31,987.

Over 355,000 returns had AGI of more than 1 million dollars.

Source: IRS website

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