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pradeepkaushal9518
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When Americans filed their tax returns this year, the United States Treasury Department collected $315.1 billion in tax revenue, a 13.4% increase over last year. Yet the number of tax returns filed by employees did not increase significantly over the past year.
Each of the following, if true, could explain the simultaneous increase in tax revenue collection and the unchanged number of employee tax returns filed EXCEPT:
During this year, the number of women who re-entered the workforce as employees, after taking time off to raise children, was greater than the number of people who retired from the workforce.
Many retired workers owed more in taxes this year due to an increase in dividends and capital gains on their stock investments.
Last year, tax revenues were unusually low because the stock market experienced a marked decline, and many taxpayers reduced their taxable income with capital losses.
Compared with previous years, a greater percentage of the total tax revenue this year was collected from small businesses and corporations.
The employees who filed tax returns were paid higher wages this year than they were in the past, and thus owed more to the government in taxes per person.
Each of the following, if true, could explain the simultaneous increase in tax revenue collection and the unchanged number of employee tax returns filed EXCEPT:
During this year, the number of women who re-entered the workforce as employees, after taking time off to raise children, was greater than the number of people who retired from the workforce.
Many retired workers owed more in taxes this year due to an increase in dividends and capital gains on their stock investments.
Last year, tax revenues were unusually low because the stock market experienced a marked decline, and many taxpayers reduced their taxable income with capital losses.
Compared with previous years, a greater percentage of the total tax revenue this year was collected from small businesses and corporations.
The employees who filed tax returns were paid higher wages this year than they were in the past, and thus owed more to the government in taxes per person.
A SMALL TOWN GUY
