Tag Archives: tax break

The Tax Code

According to CNN, the federal tax code stands at nearly 100,000 pages, “with a word length that is about 10 times the size of the standard English version of the Bible.”

Wow.

Surely we can do better than that. Both parties complain about the complexity of our tax code, so why not do something about it?

Turns out they are, just in the wrong direction. Reps. Dreier and Berman are proposing a targeted tax break for filmmakers, and President Bush is proposing a tax break for casinos in the Gulf region.

I’m all for lower taxes, but this is ridiculous. Instead of a cut for a few people here and a few there, why not do away with all exemptions and special treatment and just charge everyone the same rate?

Tax avoidance would be almost impossible. The entire tax code could fit on one page. Imagine that, being able to do your own taxes. Tax rates would almost certainly go down due to popular pressure since everyone would have to pay.

The only downside is that H&R Block would probably go out of business.

Well, that and it probably wouldn’t do a thing about the real problem, which is spending. I noted some of the difficulties with that yesterday.

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