IRS Stats Report for 2007

During the fiscal year ending September 30, 2007, the IRS collected approx $2.4 trillion in taxes (net of $295 million tax refunds) and processed around 235 million (3% more than last year) tax returns.
Of the 235 million tax return filed, 139 million of those were Individual tax returns. And, 79 million were filed electronically last year (i.e., 2006 tax returns).
Now, lets look at the days it will take for the IRS to send stimulus checks to households who filed electronically, using 2006 electronically filed numbers. (See page 2 for the IRS Calendar.)
It will take the IRS 14 days (May 2-16) to wire money to approximately 80 million taxpayers across multiple Banks accounts and regions and possible countries if they are living overseas.
That is amazing!
And, if I use the 2006 tax refunds of $295 millions as an example; approximately 21 million dollars a day will be wired out to TP. Now, that is impressive.
Another curious data is in the human resources area. Of the 92 thousand employees currently working now, 45 % work in the examination and collection department, and 28% of them work filing and providing account services (i.e., processing tax returns) to TP. So, the number of employees reviewing tax returns had increased since the advent of the E-file system.
Conclusion; things have change at the IRS and they will be changing once everybody E-file their tax returns.