Here’s an intriguing statement from an article in Time magazine:
“Most Americans believe that the federal tax code is highly complex and fundamentally corrupt.”
Certainly our tax code is “highly complex.” There’s an understatement!
As the article indicates: “The federal code (plus IRS rulings) is now 72,536 pages in total. The code itself is 16,000 pages.”
Whoa. That’s a lot of pages. Enough to make my head spin, and deciphering this code is what I do for a living!
But what about the second part of this statement – “the federal tax code is fundamentally corrupt”.
What do you make of that? Would you agree?
But back to the complexity of our beloved tax system. Even though we regularly hear talk in Washington of “tax simplification”, I don’t see any evidence that our tax code is getting less complex.
I do see plenty of evidence of increasing complexity.
Every time Congress and the President pass yet another tax bill, what happens?
Tax simplification? Or more tax complexity?
Your thoughts? Let me know what you think.