Individual 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.
Important Differences Between the House and Senate Tax Reform Bills Heading into Conference
December 2, 2017