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Willisms

« International Tax Competition: Capital & People Go Where They Are Treated Well. | WILLisms.com | 'Damascus Nancy' And Unlawful Diplomacy »

Trivia Tidbit Of The Day: Part 436 -- It Costs Way Too Much To Fill Out Our Taxes.

Flatter, Simpler, Fairer Tax Code The Only Solution-

As "Tax Day" quickly approaches and ever more of those H&R Block commercials appear on television and radio sets, let's revisit the issue of tax compliance costs.

A great graphic from USA TODAY:

taxcomplianceby2010.gif

More than 300 billion dollars. H&R Block's dream, in other words.

And some text to go with it:

...that is a 20% levy on top of the $1.5 trillion they will actually pay in taxes.

Some 60% of filers — including IRS Commissioner Mark Everson — will pay a professional to do their taxes for them. Everson, who spoke with USA TODAY's editorial board Tuesday, said: "I don't want to get a letter from the IRS saying I made a mistake."

The IRS Commissioner is paying a pro to do his taxes... because he doesn't want the IRS to audit him. That says a lot about not just our tax code but the pernicious and overzealous nature of the IRS itself.

Go look at the original data at the website of The Tax Foundation.

-------------------------------------

Previous Trivia Tidbit: Spam Is Costly To The Economy.

Posted by Will Franklin · 5 April 2007 07:05 PM

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