Tuesday, April 17, 2018

Taxing Times

The original tax form, introduced in 1913, only came with one page of instructions, "which would make people very happy," said Nina Olson, taxpayer advocate at the IRS.
Back then, only about 3 percent of the population was subject to the income tax. Today it's 54 percent. Gone is the single page of instructions, with its deductions for losses due to "shipwreck."
Now, the tax code is more than 73,000 pages long. Just figuring out what to pay eats up an estimated 6.1 billion hours of our time each year.
Would you sign it?  Why/ not?


No comments:

Post a Comment