Wednesday, January 9, 2013

Taxes: The costs of complexity

The compliance costs of the federal income tax, in one easy to understand and colorful graphic. Those three million people who do no nothing but work on tax compliance? Roughly 2% of the work force. Perhaps some of them ought actually to add to our standard of living.

1 comment:

  1. Things like this may not matter.

    We're looking at four more years of Obama and probably four years of Hillary. The ideas from the political left have become sillier and sillier, from trillion-dollar coins to trashing the U.S. Constitution.

    And then we have the "gun issue." A lot of average Americans will neither register nor surrender their firearms.

    I wouldn't be surprised to see the U.S. break apart like the Soviet Union.

    So what should an entrepreneur do? You have access to cheap worldwide communications. You can live in the place of your choice and headquarter your companies (you should own more than one) in business-friendly countries with low taxes.

    Unemployed American workers? They elected Obama. They probably will elect head-damaged Hillary. Those voters didn't care about you. Why should you care about them?

    Don't expect the Republican Party to save you. GOP voters haven't nominated a decent candidate for president since 1984.

    You think I'm exaggerating? You know about the gun debate. You probably have read about the coin proposal. Read this NPR article:

    "Op-Ed: We The People Should Throw Out The Constitution"



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