Jeff Scroggin provided lisi



Download 170.02 Kb.
Page7/14
Date27.05.2021
Size170.02 Kb.
1   2   3   4   5   6   7   8   9   10   ...   14
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.





Share with your friends:
1   2   3   4   5   6   7   8   9   10   ...   14




The database is protected by copyright ©essaydocs.org 2020
send message

    Main page