Monday, January 17, 2011

What Price Doth Tax Compliance Cost US, or would a flat tax be a better way?

IRS ALARM - The National Taxpayer Advocate at the IRS has issued her annual report to Congress, saying that "The most serious problem facing taxpayers - and the IRS - is the complexity of the Internal Revenue Code."  More information is available from Forbes.com, but get this..."The total cost of compliance in 2008 was $163 billion, or more than 11% of total income tax collections."  That's crazy!  

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