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Yes, Taxes Do Matter

July 12, 2009

Unfortunately, too ,many people focus on the tax rates while forgetting the burden tax compliance imposes on businesses and individuals.

Annual Costs:

Average 1040 form-26.4 hours

Treasury Department paperwork-7.75 billion hours

Income Tax Compliance- 3.8 billion hours

Software Tax Purchases-$29.33 bilion

Corporation Compliance-3.2 bilion hours

Growth of Forms- 1935, two lines  2008-seventy six lines

Shouldn’t Moms and Dads spend more time with their families and not the tax code? Shouldn’t businesses be worried about keeping and attracting customers not satisfying the IRS?

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