15 INFOGRAPHICS ABOUT TAXES


Tomorrow is Tax Day in the United States. It is the day where tax returns are due to the federal and state governments from U.S. citizens, resident aliens, etc. April 15 has been Tax Day since 1955. The tax system in the U.S. can be quite complex so Pulse2 decided to compile a list of infographics that shows some interesting facts about it. There is also one infographic in here from The Onion about celebrity tax deductions. Check out the full list below:

1. The Complexity of the U.S. Tax System

This infographic was designed for QuickSprout.com. The infographic points out that there are 138 million tax payers in the U.S. and how complex the actual system is. In 1913, the tax code was 400 pages and today it is 70,320 pages. Another fun fact from the infographic: $2.5 trillion is paid in taxes per year. [Link]

2. Who Is Paying Taxes?

Mint.com has designed an infographic that talks about Who Is Paying Taxes.  Fun fact from the infographic: About 308 million Americans compose of 151.5 million tax units.  Of that 151.5 million, 46.9% will have zero federal income tax liability, which leaves 80.4 million to pay over $1 trillion collected.  The infographic details who is responsible for those amounts. [Link]
MINT-TAXES-R4

3. How Wealthy Countries Tax Their Citizens

It is interesting to learn how tax revenue from corporations contributes to the % of GDP among certain countries.  While most of the countries listed in the graphic below are similar, Norway stands out the most.  Norway’s corporate taxes are about 13% of the country’s GDP.  [Link]
cl-taxation

4. Turbo Tax Infographic: Who Files Income Taxes Early

About 82% of early filers receive tax refunds. What are the demographics of those people? More likely female than male and more likely married. Below are some additional early filer fun facts [Link]

5. Turbo Tax Infographic: Filing Your Taxes Online

In 2008 about 95 million of the total 141 million tax returns were filed online. The top e-filing states are CA, TX, NY, FL, IL, PA, OH, MI, GA, and NC. Below are some other fun facts about e-filing. [Link]

6. Wasted Potential: A Cost/Benefit Analysis

Nick Gillespie of Reason.com Sloshspot.com designed this infographic about possible tax revenue that could be earned from marijuana legalization.  Random fun fact from the infographic: 1 person is arrested every 38 seconds due to marijuana. [Link]

7. Death & Taxes 2010

Embedded below is an infographic from Mint.com that lists 500 programs and departments within the government about how they plan to spend tax money based on budgets. The data is straight from the president’s 2010 budget request and will be debated upon by Congress. [Link]

For more personal finance images visit Mint.com’s Financial Blog

8. Charity: Who Cares?

Americans are very giving people in terms of charity. Americans give $300 billion to charities ever year. Random tax fun fact: If a tax payer donates $1,000 and pays a 35% tax rate, the donation saves $350 in taxes. [Link]
CharityWhoCares-3
Budget planner – Mint.com

9. State Taxes in America

LoansAndCredit.com has created an infographic about the breakdown by U.S. state of the highest and lowest tax rates for gas, cigarettes, and liquor. [Link]
LNC-STATE TAXES

10. Locations of Offshore Tax Jurisdictions

Below is an infographic about the locations of offshore tax jurisdictions. There are about 60 offshore financial centers around the world according to the IMF. The infographic shows the scale and global spread of the offshore tax jurisdictions. [Link]

11. United States Federal Tax Dollars Per State

VisualEconomics.com has an infographic that highlights the federal tax dollars spread amongst each of the United States. Interesting fact from the infographic: Washington D.C. has the highest federal tax payments per capital at $11,582. Following D.C. is Connecticut, New Jersey, and Massachusetts. The states with the lowest federal tax payments are: 1. Mississippi, 2. Louisiana, 3. West Virginia, and 4. Arkansas. [Link]
ve-tax-dollars

12. 2010 Guide To Home Buying Tax Credits

Special home buyer tax credits were extended for contracts through April 30, 2010 and will be closing June 30, 2010. There is a First Time Buyer Credit for a home buyer that hasn’t owned a home within the last three years with a credit of $8,000. There is also a long time resident credit. Below is an infographic about the home buyer tax credits. [Link]

Click the image to enlarge
Home buying tax credits
Source: FixR

13. The Onion: Celebrity Tax Deductions

Many things can be deducted when filing your taxes such as sales-tax deductions for new vehicles, home-buyer credit, credit for energy-saving home improvements, etc. Below are some of the things that famous celebrities will be deducting from their taxes. [Link]

14. Wasteful U.S. Government Earmarks in 2008

During the 2008 election season, one of the most debated topics was wasteful government spending. Below is an infographic that shows what the federal government didn’t want to highlight when they misused tax dollars. [Link]
pork-barrel-spending

15. 2009 Tax Rates on Salaries & Wages

Below is an infographic about the average tax rates up to $400,000 for Single Filers. [Link]

Honorable Mention: Facts about the IRS

My friend Scarlett pointed out an infographic that I missed posting on the list. Below is an infographic made for OnlineSchools.org
Facts about the IRS
Via: Online Schools

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5 Responses to 15 INFOGRAPHICS ABOUT TAXES

  1. Pingback: “15 Infographics About Taxes” | Larry Ferlazzo's Websites of the Day...

  2. jasonlankow says:

    The Marijuana infographic is from http://www.sloshspot.com/blog/11-13-2009/If-Mar… not reason.com. You might also like the king of tax infographics at http://www.deathandtaxesposter.com

    Thanks!

  3. Amit Chowdhry (Pulse2.com) says:

    Updated the post and changed the link to Sloshspot instead of Reason.com. Thanks Jason.

  4. Pingback: Black Coffee: My Favorite Blogs, Money News & Opinions #48 (The How's It Feel to be Rich? Edition )

  5. Pingback: The Best Sites For Learning About Taxes | Larry Ferlazzo's Websites of the Day...

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