Across the country, millions of Americans spent the weekend–not enjoying the beautiful spring with their families–but filling out tax forms. America’s tax code is an abomination: It’s more than two million words long, with the income tax code alone at nearly 1.3 million words. Complying with the income tax code cost America an estimated $300 billion dollars this year and Americans spent roughly 1.6 billion hours just filling out the 1040 form.
Americans have better things to do with their time and money. It’s time for policymakers to take a serious look at scrapping the tax code and creating a simpler, flatter system. This should be a bipartisan issue–Americans of all political persuasion recognize the waste created by this unnecessarily complicated system and should demand better from our government.
More articles on Tax from IWF:
– The Death Tax: Unfair, Inefficient, Bad for Women
– Tax Reform: Slicing through the Red Tape
– Women and Taxes: Understanding Where Your Money Goes
– Taxing Independence: The Price of Feminists’ Love Affair with High Taxes