Ten Reasons to Reform the Tax Code: Reason #4
The tax code is too complex and costly.
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Too complex. With over 10 million words of tax law and regulations, it’s no surprise that 90 percent of taxpayers turn to third-party software or a paid preparer to figure out their tax burden. Too costly. Americans spent an estimated 8.9 billion hours complying with the tax code last year, draining $409 billion from the economy. This is time and money that could be put to much more productive uses. |
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What if tax returns were simple? The 2016 Better Way tax reform blueprint would enable Americans to file taxes on a postcard-sized return. |