Last week, S.2320, a bill that would create Universal Savings Accounts in the federal tax code, was referred to the Senate Finance Committee. The bill, sponsored by Senator Jeff Flake and Representative Dave Brat, would...
- Total Federal Income Tax Compliance Costs, 1990-2015
Total Federal Income Tax Compliance Costs, 1990-2015
NOTE: Click these links to see the 2013 tax brackets, 2014 tax brackets, and 2016 tax brackets. Introduction Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “...
After years of slow economic growth and a burgeoning tax code, many in Congress and elsewhere have recognized that now is the time for tax reform. Unfortunately, the political process is often at odds with reform, because it tends to protect the...
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