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| Cost of Complexity. According to the 2012 TAS, U.S. taxpayers directly spend $168 billion a year complying with income tax requirements, an amount that equals 15% of the total amount of income taxes collected. According to an April 2011 report issued by The Laffer Center, the cost of compliance may actually equal $431.1 billion per year, when man hours and secondary costs are considered.
The 2012 TSA report notes: “If tax compliance were an industry, it would be one of the largest in the United States.” Taxpayers spend 6.1 billion hours a year complying with the Tax Code - the equivalent of three million full time workers. Taxpayers spend 18 million hours computing their potential liability under AMT. Without question, the uncertainty and complexity fostered by a complicated Tax Code inhibits economic decision making. Directory: collection collection -> Five case studies of guided change initiatives executive summary collection -> Collection 1 Selections Multiple Choice collection -> Collections at The Corning Museum of Glass collection -> Collection 1 ap test Multiple Choice collection -> National Intelligence Estimates As explained in the collection -> Omni real estate letter of intent collection -> Age of Enlightenment European History Download 93.53 Kb. Share with your friends:
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