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> I don't want to be incentivised to be thinking about that sort of thing, I'd rather just know there are no options. That's the flip side to a flat tax, we sa
by jxramos 7y ago
> I don't want to be incentivised to be thinking about that sort of thing, I'd rather just know there are no options.
That's the flip side to a flat tax, we save a ton on the opportunity costs paid for with time and the development of expertise in all this minutiae. We have entire industries and corporations devoted to taxation. At what point does the benefits gained by our tax complexity get outweighed by the regulatory costs and burdens associated with compliance to that complexity?
A quick check
> Tax preparation is BIG business – there were 300k people employed at 109k firms in 2012 - generating $9 billion in revenue in 2012. The industry grew over 2% from 2010-2015, and is expected to speed up the pace of growth. Revenues of $11 billion are forecast for 2018.
https://www.franchisehelp.com/industry-reports/tax-preparation-industry-analysis-2018-cost-trends/ https://www.franchisehelp.com/industry-reports/tax-preparati...
What else could we get with that sort of brain/man power?