Should We Streamline The Tax Codes?
Friday, April 23, 2010 10:57Many families are getting worried because every year the tax codes get more and more complicated. This is a huge burden on small businesses, which engage 75% of our manpower and are the life blood of our economy. Is it really inevitable for the tax code to be so complex that it takes an expert to translate it? And what is the importance of such tax code anyhow.
Most politicians will assure you, the tax rule is complicated because of all the incentives that government puts on it to get cash advance to flow in a certain way to do the most good for our nation and economy. The truth is, the tax ruling negates the precept of free market which is exactly what our society demands. Looking back, the root cause behind the particulars of the tax codes is quite plainly politics.
This is so very typical, especially in view of the present cost of tax collection at the IRS. Is it truly sound to spend 45% of the tax that was accumulated in making the collection? Do we really need all this red tape? The tax rules has to be reduced to the bare bones. It takes hours and costs thousands of dollars even for a small business to comply and file. These are critical issues and we need to take care of this tax code, it's just too intricate.
