Headline news for tax day 2011. Americans need a more flat tax. It’s because every year Americans face with complex tax code. Taxpayers struggle to comply with tax laws so complicated that even the IRS cannot figure them out, according to Foxnews.
“I find the tax code complex so I use a preparer, "stated IRS commissioner Douglas Shulman. Reported, a whopping 89 percent of Americans also use a tax preparer. The Internal Revenue Code is 3.8 million words. That’s over 11,000 single-spaced typed pages. It's so complex.
Americans also complain taxes become more time-consuming with waves of new tax rules each year. American spends 26 hours on their taxes each year. That means Americans will spend half of the typical work week or 6.1 billion hours in total on their taxes. What a much time!
Moreover, a survey by the Tax Foundation and Harris Interactive found that 85 percent of Americans find the federal tax code to be too complex. It costs taxpayers approximately $163 billion annually to comply with the tax code. So, we must make tax code more simple and fair.
While complete your tax filling and hope tax code will be more simple and fair, you can check our tips in order to be smarter and wiser taxpayers in the tax day 2011.
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