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I believe he's talking about compliance with income tax regulations on the non-governmental side. Accountants, tax prep, etc.

• Retric 16y ago
  I pay 120$ a year for someone else to do my taxes, I make ~80k per year. So add 1/6 of 1% so we are now up to 1/2 of 1%. Anyway, there is going to be a cost to administering any tax so while simplifying things may save money it's never going to zero. PS: I could see a simplified tax code saving people 20 billion a year, but good luck implementing that. Edit: For example, CC transaction fees cost more than current transition costs, so a sales tax would have higher compliance costs.
  • gte910h 16y ago
    Ever run a business, have a rental property, etc? Any of that will push your tax prep past 120 a year, for personal taxes alone.