Fri, 15 Apr 2005

Taxes Kill Productivity

Cantillon's Paradise points to an AP story which says that Americans spend 6.6 billion hours on their taxes. It's rather ridiculous the lengths a citizen must go to in order to comply with the law. Luckily, our civil servants are working to resolve this issue.

Sensitive to the demands that tax laws put on weary taxpayers, the IRS has seven people working full time to reduce the anguish for filers. The IRS Office of Taxpayer Burden Reduction looks for requirements that can be streamlined, reduced or eliminated under the law.

Of course, there's only so much they can do considering the amount of tax law that are in charge of enforcing. Congress is responsible for the mess.

I've probably spent at least 60 hours on taxes so far this year, mostly reading IRS publications, including best sellers Business Expenses, Business Use of Your Home, and the much referenced tome, How to Depreciate Property.

My wife recently decided to change her major to accounting. I think I have the perfect internship for her.

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The state is that great fiction by which everyone tries to live at the expense of everyone else. - Frederic Bastiat