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The Idiocy of Our Tax Code

March 15, 2009

This year Americans will pay accountants and attorneys $160
billion to do their taxes and help them navigate the 46,000-page
U.S. Tax Code. Too bad, observers say, this isn’t Russia.

Since January 1, 2001, Russians have enjoyed a 13 percent flat tax.
Even the old Russian system was simpler than ours, with three tax rates – 12, 20 and 30 percent.

The majority of Russian taxpayers don’t need to file forms. The 13 percent rate has exceeded expectations in terms of revenue, as real ruble revenue increased 28 percent

Three years ago, tax revenue equaled 9 to 10 percent of Russian gross domestic product.
By last November that had grown to 16 percent.
The new system has also greatly reduced the underground economy, where people were paid in goods rather than cash to facilitate tax evasion.

Ther IRS and the Code needs to burn in Hell.

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