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Tax Facts

24.2

Hours, the amount of time the average taxpayer needed to do his or her 2006 tax return

1.38

Million people the IRS audited in 2007, up seven percent from 2006

3

Number of years after you file a return that the Internal Revenue Service can audit your return

$2,088

Deduction claimed by a Green Bay stripper in 1988 for breast implants. The IRS disallowed the deduction, but in 1994 a judge validated her claim.

50

Percent of Americans who make less than $30,881

1

Percent who earn more than $364,657

21

Percent of all income earned in the US that is earned by the top one percent of wage earners (they pay 39 percent of all federal income taxes)

13

Percent of all income earned by the bottom 50 percent (they pay 3 percent of all federal income taxes)

Sources: Money Magazine; Kiplinger.com