Commentary: A Simple Plan For Simpler Tax ReturnsBy
Did you have fun as Apr. 15 drew nigh? Politicians sure did. Republicans spent the day busily decrying the complex Internal Revenue Code even as they trumpeted tax cuts that would make filing more complicated. President Clinton promoted his new USA savings plan, which will create a new tax credit--and add dozens more lines to future returns. The rest of us--or our accountants--were up half the night wrestling with paperwork. The IRS estimates that it took an average 22 hours to prepare a '98 return.
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