Wednesday, April 05, 2006

At Least Death Doesn't Require So Many Forms

Tom Bevan of RealClearPolitics has some facts about that annoying partner to death in the world of inevitability. That's right, taxes. And specifically the insane American tax system.

Estimated amount of time Americans will spend preparing their taxes this year:

6.4 billion hours

Estimated amount of money Americans will spend on tax preparation

$265 billion

Percentage of Americans who will hire someone to prepare their taxes:

60%

Percentage increase in IRS rules and regulations over the last decade:

60.9%

Number of new pages added to the Form 1040 instruction booklet in the last decade:

58 (from 84 pages to 142)


This isn’t a tax system. This is a big, ole boulder strapped to the backs of every working American. Don’t worry about whether we should be paying more or less in taxes. Let’s at least agree that we should be spending less time and money preparing our returns. A lot less.

Anyone up for a flat tax?

2 Comments:

Blogger Maggie said...

How about a graduated flat tax. 4 brackets by income. You pay a certain percentage based on your bracket, no deductions, credits, loopholes. You make 100k, you pay 20% -- no questions. Easy and not as regressive as a simple flat tax.

9:17 AM  
Blogger Cavalier said...

If it's graduated it's NOT FLAT!

3:28 PM  

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