4 Million Word Tax Code Tops Problem List, Report Says
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The U.S. tax system’s most serious problem is the 4-million-word code’s excessive complexity that makes it tough for taxpayers to comply with and difficult for the government to administer, National Taxpayer Advocate Nina Olson wrote in an annual report to Congress.
The tax code cost taxpayers and businesses $168 billion in compliance in 2010, or about 15 percent of income-tax receipts, the report said.