Reagan is credited with joking about the tax code, as line one asked how much money you made, and line two told you to send it in. If only it was that simple.
Americans spent 6.6 billion hours doing their taxes this year. MyWayNews Article That's a long time.
The tax code is needlessly complicated and needs to be reformed. While I am in favor of scrapping the whole IRS and instituting a more equitable national sales tax, any move to simplify the current tax code should be embraced.
Each year, the tax code is complicated further as more and more exemptions are added to the long list. The exorbitantly wealthy can spend the time neccessary to take the shortcuts to avoid paying all their taxes. The middle class has no such luxury, and is left with the bill.
If we are going to stick with our progressive tax system, let's at least make it simple enough that the government gets the tax dollars it is due, and those evading taxes can be prosecuted under the law. As it is now, fraud goes by all the time as no one understands the code, even the IRS.
As an example, last year this time, thousands of Americans claimed a slavery exemption. No such thing exists. Similar things happen every year.
It's high time we simplified the tax code, a measure that should have bipartisan support.
Maybe next year it will only take us 5 billion hours.
6 comments:
Having just done my taxes, the form they send you isn't too bad. It's the dictionary-long tax code that defines the items on the tax form that is the problem.
Of course, to simplify it, someone would actually have to read it.
A true flat tax would solve this.
A true flat tax would destroy the economy.
So would Socialism.
Fine, you want a flat tax, go to Russia. Works wonders, doesn't it? Everything Soviet Communism couldn't demolish, the Flat Tax is levelling nicely.
That would be corruption destroying Russia. Not the flat tax.
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