Eliminate Income Tax and Govt has Same Revenue as 10 yrs Ago

Posted by Karim Baz

January 23, 2008

Do today’s tax collections, minus the income tax, really equal the tax collections of 10 years ago? We dug into IRS statistics ourselves and ITS TRUE!! IRS collected $880-billion in individual income tax in 2005. Subtract that from total taxes and you get $1.12-trillion. By comparison, total tax collections in 1995 were about $1.27-trillion.