WASHINGTON (AP) — Too intimidated to fill out your tax return without help? Join the club.
At nearly 4 million words, the U.S. tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements, according to a report Wednesday by an independent government watchdog.
That’s the equivalent of 3 million people working full-time, year-round.
“If tax compliance were an industry, it would be one of the largest in the United States,” says the report by Nina E. Olson, the National Taxpayer Advocate.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
You don't need to know! obama will tell you.
My paycheck was $20.00 less this time. More FICA tax and state tax.
I only make $200.00 a week.
Get ready folks , it's here!
Yours is 20 bucks less 4:51, the next guy 20, some 30 and 40. All this money going out of the local economies is not a good thing and isn't going to amount to squat in 'fixing' SS.
When SS was implimented the life expectancy was alot lower. The only remedy is to up the age to collect.
It's another obama the ecomomic illiterate fiasco he dreamed up to make the fools who voted for him think he's doing something.
More money for the worker's comp scamming Haitians...yay...
Post a Comment