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I think the biggest thing that troubles me about our tax system is how much time is wasted trying to figure out how much we owe. Individuals and corporations a
by muerdeme 18y ago
I think the biggest thing that troubles me about our tax system is how much time is wasted trying to figure out how much we owe. Individuals and corporations alike have incentives to devote resources solely to minimizing their tax burden. I'd argue that a simplified tax scheme would cause a non-trivial increase in productivity that would be a boon to both the government and the people.
- mynameishere 18y agoThere are many 100s of 1000s of accountants, lawyers, and lobbyiests who all depend upon the bizarre tax codes for their jobs. In addition, many companies depend upon their various loopholes... They represent both wasted labor and vested interest.