Even with multiple instruction books, maneuvering the maze of the tax code is costly and time-consuming.
Sentiment: NEGATIVE
As American taxpayers know too well, the tax code is incredibly complex and compliance is all to expensive.
The important thing about tax reform is you make the tax code less complicated, easier for people to understand.
'Simplifying' the tax code is a priority mainly for people who make enough money to want to avoid paying taxes, and who make their money by means unorthodox enough to make avoiding taxes possible and desirable.
We need a tax code that promotes savings, investment, achievement, innovation, and hard work.
The problem with wanting the tax code to be 'simpler, fairer,' and 'pro-growth' is that it's impossible to achieve all three at the same time.
I used to do my own taxes. You know how you buy that gigantic sheet at Staples, add up the restaurants, clothes, and taxis and glue your receipts into the book month by month? The more money I made, the more complicated things got.
Taxes are way too complicated, and people spend way too much time worrying about ways to get them lower.
We have a tax code whose complications and levels of unfairness and levels of choosing people to give tax breaks to and choosing people to deny them to is thousands of pages long with endless complications and unbelievable manipulations by everybody.
Simplifying the tax code and reducing administrative burdens will save small businesses money and time and let owners and employees focus less on paperwork and more on how to operate in this tough economy.
The tax code is now nine times longer than the Bible, and not nearly as interesting.
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