Complexity is a hidden tax amounting to more than $100 billion. This is the cost
of tax preparation, lawyers, accountants, and other resources used to comply
with the Internal Revenue Code. The Internal Revenue Service even admits that
the current tax code requires taxpayers to devote 6.6 billion hours each year to
their tax returns. Yet even this commitment of time is no guarantee of accuracy.
The code is so complex that even tax experts and the IRS often make mistakes.
All taxpayers, from General Motors to a hamburger-flipping teenager, would be
able to fill out their tax return on a postcard-sized form, and compliance costs
would drop by tens of billions of dollars.
A flat tax or fair tax would yield major benefits to the nation, including:
Faster Economic Growth.
Instant Wealth Creation
Fairness
An End to Micromanaging and Political Favoritism
Increased Civil Liberties
Global Competitiveness
Faster Economic Growth.
Instant Wealth Creation
Fairness
An End to Micromanaging and Political Favoritism
Increased Civil Liberties
Global Competitiveness
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