Business Tax Compliance and Complexity

The full cost of a tax system is more than simply the amount of tax paid. It also includes the cost of tax planning and paperwork. Economists call these “tax compliance” costs, and the IRS estimates Americans spend 6.6 billion hours per year filling out tax forms—including 1.6 billion hours on the 1040 form alone.


Related Articles

Perspectives on the Need for Tax Reform: Before the Ways and Means Subcommittee on Tax Policy

If Everyone Is a Tax Haven, No One Is

Why Tax Complexity Still Matters

There are More Marginal Income Tax Rates than Advertised

The IRS Has Too Many Responsibilities

Don’t Cry for the IRS, We’re Doing Their Work for Them

H&R Block Expects New Business From Obamacare Confusion