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Friday, May 5, 2006

Cato Institute on Growth of Tax Complexity

Edwards_3Chris Edwards (Director of Tax Policy Studies, Cato Institute) has posted Income Tax Rife with Complexity and Inefficiency on the Cato web site:

Despite recent tax cuts, the federal income tax code remains terribly complex and inefficient. Last November’s report from the President’s Advisory Panel on Federal Tax Reform sounded the alarm regarding the need for a major tax overhaul. Congress should consider the panel’s reform proposals and craft legislation to cut rates, end special breaks, and reduce tax barriers to savings and investment.

Major tax reforms are long overdue. Figure 1 shows that the number of pages of federal tax rules has increased 42 percent since 2000:

Cato_page_1_2 

https://taxprof.typepad.com/taxprof_blog/2006/05/cato_institute_.html

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Comments

This is actually the number of pages in the CCH Standard Federal Tax Reporter not the "number of pages of federal tax rules." Isn't the Standard Federal Tax Reporter a cumulative record of a lot of things besides the federal tax rules?

Posted by: Fred Johnston | May 5, 2006 4:13:11 PM