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The fact is, that ALL of the money collected by the IRS goes to Private Banks to service loans to the govt. 100% all the income tax you give goes to the pockets of private bankers. A grand illusion is most Americans believe all the income tax goes to pay for the running of the country. NOT>> The money to run the govt, comes from private banking instiutions, who loan money to the govt. Its absurd. Its a huge ponzi scheme. Trumps Madoff. So the answer to the question "How much does the IRS collect each year?" is that it doesn't matter. Its ALL theivery. No matter if its 100 million or $1000 billion, its robbery, plain and simple. Until this robbery is stopped, it will be very difficult for America to be free again.
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Three services and explain each provided by the IRS?
collect taxes from the poor
How much money does the IRS spend to collect taxes?
The most recent complete IRS budget, up 6% from last year is $11.4 Billion. To collect over $3 trillion. Divide 11,400,000,000 by 3,000,000,000,000...it's basically in the rounding of the .4 with that 11B
How much money did the IRS collect in 2008?
Roughly 3 trillion from all sources.
How much money did the IRS collect in 2006?
Keep in mind that the IRS reports their statistics based upon the Federal Fiscal Year, which runs from October 1 - September 30. For FY2006 (October 1, 2005 - September 30, 2006) the IRS collected $2,518,680,230,000 (2.5 Trillion-ish)
When does the IRS open to file taxes?
January 1st of each year
Should a small business turned to the IRS for collecting delinquent payments?
No. The IRS doesn't do that. It is up to you to collect.
How much money can a child give a parent tax-free each year?
The IRS allows tax free gifts to family members. Up to $14,000 may be given to family members each year. Married people can give up to $28,000 per year.
How much money did the IRS return to taxpayers last year?
300 billion
What is the function of the IRS?
They determine, asses, and collect internal revenues in the US.
How many U.S. income tax forms are filed each year?
Millions of individual income tax returns are filed each year. For example, in 2008 the IRS received 156,297,000 individual income tax returns for tax year 2007. In comparison in 2007 the IRS received 140,188,000 individual income tax returns for tax year 2006.For more information on IRS facts and figures, go to www.irs.gov/taxstats.
On a repossion can the IRS collect for the bank?
No. But any debt that is forgiven is taxable as income.
How do the CRA and the IRS compare?
The CRA and IRS are nearly identical in revenue collection and tax assessments. Efforts have been made to work together in order to collect each taxes for each other. This includes dual nationals and cross-border employees. It cannot be said that they are identical however, the similarities are hard to ignore.
