Saturday, April 6, 2019

6/4/19: U.S. Tax Compliance Costs and Lobbying

Not a fan of The Atlantic on a range of topics, especially geo-politics, but a great write up on the relationship between tax accounting industry, lobbying and U.S. tax codes (painfully and daftly complex) here: Worth a read:

Of course, the solution is to make tax filing for ordinary income taxes simple, and to make tax codes more streamlined. A flat tax would work. Charged across all income at one rate. Or a flatter tax, with a schedule of just two or three bands, applying, again, across all income.

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