(CSM) Tax reform: Why a kinder, simpler tax code eludes Congress, so far

To tax reform advocates, the federal tax code is a shambling behemoth, its immense girth weighing down corporations and Jane and Joe Taxpayer alike. The code is more than 4 million words long and has been tweaked 4,680 times since 2001, or more than once a day, according to the Internal Revenue Service’s National Taxpayer Advocate, whose job is to champion the poor schlubs who have to contend with the US tax system. Compliance takes more than 6 billion person-hours a year and costs $168 billion, the advocate’s office reports.

Tax expenditures ”“ the sober name for myriad loopholes, carve-outs, and incentives in the code ”“ shield almost as much in revenue, at just over $1 trillion, as the $1.4 trillion collected each year.

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Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Globalization, House of Representatives, Office of the President, Personal Finance, Politics in General, Senate, Taxes, The U.S. Government, Theology

One comment on “(CSM) Tax reform: Why a kinder, simpler tax code eludes Congress, so far

  1. Br. Michael says:

    Posh, it’s easy. The government is trying to influence behavior. It’s that simple. If taxes were simply about raising money it would be a lot simpler.