What’s the best measure of the tax burden on the U.S. economy?
Is it the amount of money that we’re forced to surrender to the knaves in Washington (i.e., the difference between our pre-tax income and post-tax consumption)?
The answer is both.
But even that’s not sufficient. There’s another very big part of the tax burden, which is the complexity caused by a 75,000-page tax code that imposes very high compliance costs on taxpayers. In other words, the tax (as measured by time, resources, and energy) we pay for the ostensible privilege of paying taxes.
And this compliance tax is enormous according to new research from the Tax Foundation. The report starts with some very sobering numbers.
…In 1955, the Internal Revenue…
View original post 479 more words