The following AP article revealed something that was news to me: “If tax compliance were an industry, it would be one of the largest in the United States”. Ask an accountant or the developers of Turbo Tax if tax compliance is NOT an industry. However, Nina E. Olson’s (National Taxpayer Advocate) article seems to intimate that complying with the unnerving IRS Tax Code it not big business.
No matter what it is called, Tax season in the United States is one of the most stress inducing times of the year AND I do not mean to berate the well written and informative findings of Nina E. Olson. The pen is mightier than the sword and maybe the deft penmanship of Miss Olson will lead to the tax reform that the citizens of the USA demand and deserve!
At nearly 4 million words, the U.S. tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements, according to a report Wednesday by an independent government watchdog.
That’s the equivalent of 3 million people working full-time, year-round.
“If tax compliance were an industry, it would be one of the largest in the United States,” says the report by Nina E. Olson, the National Taxpayer Advocate.
The days of most taxpayers sitting down with a pencil and a calculator to figure out their taxes are long gone, Olson said. Since 2001, Congress has made almost 5,000 changes to U.S. tax law. That’s an average of more than one a day