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Going, Going, Gone! * Personal income tax * Corporate income tax * Estate and gift taxes * Income taxes on non-resident aliens and foreign corporations * Retail excise taxes * Manufacture excise taxes * Alcohol, tobacco, and certain other, non--trust fund excise taxes. The NRST bill does not attempt to repeal the Social Security payroll or the self- employment tax ( both of which will be administered by the Social Security Administration). |
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Number Crunching There are currently 136,000 employees at the IRS and elsewhere in the government who are responsible for administering the tax laws. Because the number needed is dictated by the complexity of the tax code, fewer personnel will be needed under a National Retail Sales Tax, and the elimination of the IRS will save taxpayers a significant amount of money. The IRS and other government agencies spend $13,700,000,000 to enforce and oversee the tax code. The government loses $127,000,000,000 as a result of tax evasion. Roughly 10,000,000 people do not file tax returns. It takes 293,760 trees each year to supply the 8,000,000,000 pages of paper used to file income taxes in the United States. Chrysler Corporation's tax return is 72 inches high. The private sector spends $157,000,000,00 to comply with income tax laws. According to an audit by the U.S. General Accounting Office, the IRS could not account for 64% of it's budget in 1993.
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