Apr 26 2006
Tax Code Strangles Economy
Arbitrary complexity is the hallmark of the U.S. tax code. If you have the fleets of attorneys and CPAs to handle the load, most any company can make itself more competitive vs. smaller players without the critical mass to play ball. Of course, the tax industry — all those CPAs and attorneys — want the code to be as complex as ever, as well as ever-changing. For without a tax code whose pages stacked are over six feet thick, $ billions of fees would be gone overnight, forcing tax careerists making six and even seven figures navigating such complexity to get real, non parasitic jobs. That’d be a boon to the economy, as those $billions of dollars of troll-bridge tolls would be redirected to more productive purposes.
We could write for hours on the subject, but at this point we’ll just refer you to an MSNBC article that elaborates on the punitive complexity of the U.S. tax code.
Just remember the next time you see jobs going abroad that its not just big labor to blame for the inefficient economic environment that’s been arbitrarily created in the United States. And don’t forget what professions — and their lobbies– benefit the most thanks to the legislation that makes it happen.
