Tax Day 2016: The Regulatory Side
Eight point nine billion hours of IRS paperwork is enough to force every person in the nation to spend 27.5 hours a year filling out forms. That’s more than one million years of paperwork and accounting compliance to complete the task of paying taxes. This is a sobering figure, but taxpayers can take little solace in the knowledge that this amount continues to climb, as does the expense, and number of forms taxpayers must navigate. Fundamental tax reform might be difficult, but compared to the status quo, anything is easier.