In 1913, the 1040 form had a single page of instructions. The 2014 form: 104 pages. http://t.co/SiHSwAu3vU pic.twitter.com/9XkV7uiGiQ
— Wall Street Journal (@WSJ) April 15, 2015
In 1913, the 1040 form had a single page of instructions. The 2014 form: 104 pages. http://t.co/SiHSwAu3vU pic.twitter.com/9XkV7uiGiQ
— Wall Street Journal (@WSJ) April 15, 2015
We have progressed far beyond what those primitive Americans could have ever imagined when they developed such a limited vision of what the ideal tax form should look like.
There are far too many vested interests for the number of pages to reduce back to one. Accountants, for a start. Realtors. Charities, which fear that if donations are made non-deductible, their coffers will hold only dust and spiderwebs.
It will soon be simple again, given where we are headed:
“Form 1040EZCOMEEZGO
A. Annual income: $________________
B. Amount already withheld by IRS: $_______________________
Subtract B from A and remit resulting balance to IRS by certified check or electronic payment”
History is a very sobering reminder of our incapacity to know or predict the future. Imagine giving a current tax return form to someone in 1913!
I learned in Ken Burns’ documentary [i]Prohibition[/i] that the income tax ammendment was a key to getting the prohibition amendment moving as federal revenue up to that point was mostly alcohol excise taxes. Now look at where we are…