Listen as Larry spoke with Demian Brady, Director of Research for the National Taxpayers Union Foundation, regarding his latest article, What Does It Cost to Comply with the Tax Code?.
An excerpt of Brady’s article is below:
Taxpayers are all too familiar with how much they owe in taxes each year. Less appreciated is the burden that goes above and beyond one’s tax obligation: the incredible amount of time that is required each year to comply with our nation’s extremely complicated tax system.
It’s been over 30 years now since the last comprehensive reform of the Tax Code. Since then, the number of pages of instructions for the basic Form 1040 have quadrupled. The Code itself is counted at 4 million words. No wonder taxpayers increasingly seek professional help to prepare and file their forms. [Read More]
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