A few facts about U.S. Tax code

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A few facts about U.S. Tax code:

U.S. Tax code has over 9 million words. To put that in perspective, the Bible has just over 750,000 words.

The IRS now has over 100,000 government employees and it spends over $11 billion a year in taxpayer dollars just to implement the code.

A Government Accountability report said IRS employees gave incorrect information to taxpayers almost 10% of the time over the last four years, because of the complexity of the code.

It has been reported that those who wade through the complex tax code, pay on average $2,000 or more per year to subsidize those who don't pay their taxes or pay them incorrectly, according to testimony before the Senate finance committee.

The Cato Institute said in 2003 alone, the U.S. "tax army" was bigger than the U.S. army in Iraq. Income taxes were so complex there were up to 1.2 million paid tax preparers in the country - six times the number of troops in Iraq at that time. They noted, "The tax army includes legions of accountants, lawyers, and computer experts -- some of the best minds in the country. Unfortunately, their brainpower is adding little to the nation's standard of living."

The Government Accountability Office reported that 59% of all Americans actually had to hire a tax preparer just to do our taxes. This is money that could be spent within families, or by small businesses in growing our economy.

According to the Small Business Administration's Office of Advocacy, complying with the tax code costs all American businesses an average of almost $900 per employee.

The IRS estimates Americans spend 6.6 billion hours per year filling out tax forms-including 1.6 billion hours on the 1040 form alone.

The Tax Foundation estimates that the costs this year to the U.S. economy of complying with the tax code are almost $350 billion.

All of this money could be put to work hiring more people, producing more goods and growing our economy. All of the time complying with the code could be spent proactively growing our economy.

Don't believe any of this -- well, use the Internet and search out the information - that way you'll be able to speak out of your own experience. (Adds to your creditability.)


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