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The American Tax System And Th
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The Tax System The current income tax system is in terrible shape. It is complex; unfair; inhibits saving, investment and job creation; imposes a heavy burden on families; and undermines the integrity of the democratic process. The system canno .... Middle of Term Paper
... by the IRS. Each year Americans devote 5.4 billion hours complying with the tax code, which is more time than it takes to build every car, truck and van produced in the United States. The cost of complying with the tax system totals about $200 billion annually or when broken down: $700 for every man, woman and child in America. The main reason the tax code is so complex is the proliferation of deductions, credits and other special preferences in the tax law. Because of these loopholes, taxpayers with similar incomes can pay vastly different amounts in taxes. This uneven treatment of taxpayers is fundamentally unfair and is at odds with ... |
| Number of Words: 1570 |
Approximate Pages: 6 |
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