Friday, April 15, 2005

6.6 BILLION HOURS

What a waste!

WASHINGTON (AP) - People scurrying to meet tonight's tax deadline might consider this: It's taking you and your fellow Americans 6.6 billion hours to do all that paperwork. The basic tax return - the Form 1040 filed by most people every year - accounts for 1.6 billion hours. The Internal Revenue Service furnished those statistics to the White House budget office, which keeps tabs on the government's bureaucratic demands.

The budget office notes that tax work "towers over the entire paperwork burden for the rest of the federal government" and accounts for some 80 percent.

"If anything, those numbers are probably understated," said David Keating, president of the National Taxpayers Union, which reports annually on the increasing complexity and demands of tax returns.

...the forms are not just a drain on people's free time, but on the productivity of the country, Keating said.

"That's a huge, dead weight burden, trying to discern the tax code, what it rewards most," he said. "If we turn the nation into a paper-shuffling, law-figuring-out country, no one actually gets anything done."
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America is in desperate need of tax reform. There has to be a better way.

Economist.com offers some thoughts about the
flat-tax solution.

You say you want a revolution....

2 comments:

Anonymous said...

FLAT TAX _ PLEASE PLEASE

- Mick

Mary said...

I'm with you, Mick.