![]() ![]() It is PRO-GROWTH – the flat tax will stimulate economic growth O Taxpayers who earn the same income will pay the same taxes regardless of income, occupation, or marital status It is FAIRER – The flat tax will treat everyone the same O A flat tax could save taxpayers more than $100 billion per year and reduce tax compliance costs by over 90 percent It is SIMPLER – the flat tax will save taxpayers time and money The tax calculations ranged from $34,240 to $68,912. In 1998, 46 tax experts surveyed came up with 46 different answers when determining tax liability.There are 582 different tax forms published by the IRS, which is up from 402 in the 1990s.In 2006, the federal tax rules are almost 66,500 pages in length, which is nearly triple the number of pages since the 1970s, including the full tax code, IRS rules and regulations, and tax court rulings.Taxpayer phone calls to the IRS help line doubled during 1990s from 56 million to 111 million, even though the number of tax papers only grew by 12 %. We need a simpler system for all Americans to understand. 2/3 of Americans think the income tax system is too complex.In other words, that taxpayer must work 6 days per year just to pay for the cost of preparing his or her taxes for that year. ![]() The average taxpayer pays $1,839 per household in compliance costs.The cost of compliance for federal taxpayers - filling out tax returns and related chores - was $265 billion in 2005.Each year, Americans spend 6.5 billion hours preparing their tax forms and businesses spend 800 million hours complying with the tax code.Status: Referred to House Committee on Ways and Means ![]()
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