During the past five years America's tax code has become far more complex, somewhat less progressive, and has done less to improve incentives to work and save than first appearances suggest. [...] Tax rules were horribly complicated, of course, long before the Bush presidency, but during the past five years things have got much worse. The number of pages of federal tax regulations has risen by over 40%, from 46,900 in 2000 to 66,498 this year, according to Chris Edwards of the Cato Institute. The number of different tax forms issued by the Internal Revenue Service has soared from 475 in 2000 to 582.On the other hand, I guess it was unrealistic of me for W to have success in even this simple goal. Why should this be any different than any other area of governance?
Thursday, April 20, 2006
The Complicated Tax Code
One election year promise of George W. Bush that I hoped would come to pass was simplification of the nation's byzantine tax code. Unfortunately, reports the Economist, W has made it even worse.