Friday, April 27, 2007

Yet another argument for a fair and simple tax

Via BizzyBlog:

The Institute for Policy Innovation talks about a number that comes from The Tax Foundation (link to USA Today article added by me):

$300 billion. (Note: The Tax Foundation link actually says “$275 billion and rising” — Ed.)

That’s how much the Tax Foundation estimates Americans—individuals and businesses—will spend this year on tax preparation.

That’s about 20 percent of the $1.5 trillion we’ll pay in income taxes.

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