By By STEPHEN OHLEMACHER
WASHINGTON (AP) - Too intimidated to fill out your tax return without help? Join the club.
At nearly 4 million words, the U.S. tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements, according to a report Wednesday by an independent government watchdog.
That's the equivalent of 3 million people working full-time, year-round.
"If tax compliance were an industry, it would be one of the largest in the United States," says the report by Nina E. Olson, the National Taxpayer Advocate.
The days of most taxpayers sitting down with a pencil and a calculator to figure out their taxes are long gone, Olson said. Since 2001, Congress has made almost 5,000 changes to U.S. tax law. That's an average of more than one a day.
http://money.msn.com/taxes/news.aspx?fe … d=15976693
If the tax codes were changed to a straight percentage, think of how many poor accountants, IRS agents and tax software developers would be out of work!
Agreed. Just another example of our politicians knowing what the right thing to do is, but just flat out refusing to do it.
by Zipper5 years ago
Do you like Romney's plan to close the loop holes in the tax code?The wealthy will pay the percentage they are suppose to when the loop holes are closed.
by Paul Swendson7 years ago
I'm no economics expert, but I've noticed that people from all sides of the political spectrum don't like the American tax code. Republicans always want to cut taxes, and Democrats want to close loopholes.It also seems...
by nflagator7 years ago
If the U.S tax code was changed to impose taxes based solely on consumption...do you think that would be a good idea or not? (and why)
by John Coviello2 years ago
Is The U.S. Federal Tax Code A Conspiracy By Lawyers and Accountants?As I grow older, I realize that the U.S. tax code is way more complicated than it needs to be. Just about every situation in life is addressed...
by Catherine Mostly11 months ago
Rachel Maddow reports Trump's leaked 2005 tax returns. Can bad news by the media also be good news?Media seems to have tainted many things about the 2016 election from beginning to end. ALL news is written to 1) make...
by Christy Kirwan13 months ago
Good news! Based on the current rate of article selection, we've decided to shorten the wait period between submitting articles to be considered for our Network Sites. Within the next few days, all authors will have the...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.