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[USAFacts]([link removed])

What does it cost the IRS to collect taxes?

Is the IRS efficient? We will leave that for you to decide, but you may or =
may not be surprised by the agency=E2=80=99s operating costs. It=E2=80=99s =
reduced the cost per dollar collected in recent years while collecting more=
revenue. [Here are the numbers]([link removed]
-cost-the-irs-to-collect-taxes/).=C2=A0

[IRS cost for each $100 collected]([link removed]
it-cost-the-irs-to-collect-taxes/)

- It cost the IRS 53 cents to collect $100 in 2010. By 2023, that cost fell=
to 34 cents, a 36% improvement.=C2=A0

- In 2023, the IRS=E2=80=99s 82,990 employees collected nearly $4.7 trillio=
n in taxes, up 26% over the previous decade. This included: =C2=A0

- $4.1 trillion from individual income taxes and other individual payroll c=
ontributions =C2=A0

- $457 billion from corporate income taxes =C2=A0

- $74 billion from excise taxes =C2=A0

- $35 billion from estate and gift taxes=C2=A0

- The IRS spent $16.1 billion on operating expenses. Sixty-five percent of =
that was for salaries and benefits, while 35% was for infrastructure, techn=
ology, and other operational costs.=C2=A0

- After adjusting for inflation, IRS operating costs have fluctuated betwee=
n just under $14 billion to just over $17 billion since the 1990s. Its 2023=
costs were the highest since 2011. =C2=A0
Want even more about how your taxes are collected? [Have Steve Ballmer walk=
you through it]([link removed]
s/). =C2=A0=C2=A0

[See the data]([link removed]
ollect-taxes/)

What does the US produce?=C2=A0

What does [made in America]([link removed]
produce/) mean these days? It often means its service sector =E2=80=94 thin=
k finance, real estate, and healthcare services. In fact, services contribu=
ted over four times more to the nation=E2=80=99s GDP in 2024 than goods.=C2=
=A0

- In 2024, the US produced $29.2 trillion in goods and services, with $24.3=
trillion (83.3%) coming from services and $4.9 trillion (16.7%) from goods=
.=C2=A0

- These financial figures are called =E2=80=9Cvalue added,=E2=80=9D aka wha=
t these sectors contribute to the economy. ([Read the article]([link removed]
acts.org/articles/what-does-the-us-produce/) for more on how value added is=
calculated.)=C2=A0

- Finance, insurance, real estate, rental, and leasing accounted for $6.2 t=
rillion (or 25.5%) of all service-based value. Professional and business se=
rvices followed ($3.8 trillion), followed by educational services, healthca=
re, and social assistance ($2.5 trillion).=C2=A0

- Goods production is, of course, still crucial to the economy. The nation=
=E2=80=99s goods-producing industries are agriculture, mining, construction=
, and manufacturing. Manufacturing alone accounted for 59.8% of all US-prod=
uced goods, generating $2.9 trillion.

- The top goods by value added were chemical products ranked first at $575.=
2 billion, then food, beverage, and tobacco products ($350.1 billion). Comp=
uter and electronic products ($308.3 billion) were third.

[Value added by goods and services in 2024]([link removed]
hat-does-the-us-produce/)

- The US produced about seven times more goods and services than it importe=
d in 2024 =E2=80=94 $29.2 trillion compared to $4.1 trillion. In other word=
s, for every $1 of value in imports, we produced a little over $7.

[Get the goods on the goods]([link removed]
-produce/)

Data behind the news

The United States military bombed three Iranian nuclear facilities over the=
weekend to destroy the nation's nuclear enrichment capacity. We=E2=80=99ve=
recently updated this article on=C2=A0[how many people are in the US milit=
ary]([link removed]
-demographic-overview/), plus the data on how many [nuclear weapons the US =
has]([link removed]
e/).

Chicken fettuccine alfredo products are being recalled due to a listeria ou=
tbreak that=E2=80=99s killed at least three people and led to one pregnancy=
loss. Listeria is one of the [most common types of foodborne illness](http=
s://usafacts.org/articles/how-many-people-get-sick-from-foodborne-illnesses=
/).

States (plus four US territories and Washington, DC) have agreed to a $7.4 =
billion settlement with Purdue Pharma over thousands of opioid deaths and a=
ddictions. Track overall [opioid deaths in the US]([link removed]
icles/are-fentanyl-overdose-deaths-rising-in-the-us/) and compare them to o=
ther types of [drug overdoses]([link removed]
verdose-deaths-happen-every-year-in-the-us/country/united-states/).

Acing the [weekly fact quiz]([link removed]) is not=
for the casual fact fan. But it=E2=80=99s good to have big goals, right?=
=C2=A0

One last fact

[How old are teachers in the US?]([link removed]
-nations-teachers/)

In 2022, people ages 30 to 49 comprised over half the [teaching workforce](=
[link removed]). Teachers in t=
heir 40s made up the largest share of educators at 26.1%, followed by those=
in their 30s, at 25.4%.

=E2=80=8A

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