How much is collected in income tax?

To collect over $2 trillion in taxes each year the IRS has a budget of about $11 billion for 2008. Will likely be budgeted for much less. See link for wish list budget.

http://www.gao.gov/new.items/d07719t.pdf

That same site will rpovide a lot of data on how much of what type of tax is collected from whom.

Note: 1 trill = 1,000,000,000,000
1 bill = 1,000,000,000

So if we didn't just casually round the collections and you even just said 2.1T....that .1 T is one tenth a Trill or 100 Bill! Their budget is well within the trailing rounding! (If your thinking of arguing something like it costs more to collect taxes than it's worth).

First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 1020 [recommend contributor]. Question popularity: 12 [recommend question]

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