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Study: The Tax Code Cost Taxpayers $228 Billion

Tinsldr2 Wrote: Apr 18, 2012 11:08 PM
Then why did you write Dr Banana instead of Pres Obama?
The National Taxpayers Union put out a policy paper looking at the increasing complexity in the tax code and came up with some shocking results. Americans spent over six billion hours filing their taxes this year and used professionals to figure the tax code out for them at an alarming rate.

The study, "A Taxing Trend: The Rise in Complexity, Forms, and Paperwork Burdens," estimated that at the average cost for a civilian worker, six billion hours filling out forms cost the economy $228.4 billion.

Complexity has only gotten worse. The number of hours spent filling out...

Related Tags: Tax Code Taxes