Archive for April 15th, 2008

So… there’s this tax gap of $290 billion. ¬†Yup, each year taxpayers underpay what is legally owed by $290 billion.

Think that correlates at all with the growth of tax law which required only 4 pages in 1945 to explain a 1040 to 155 pages in 2007?

Yaw… methinks the lost time and money in reading 155 pages is far more reinforcing than worrying about whether you rounded incorrectly according to page 132, form 22, line 12, c.

Read more fascinating stats in this surprisingly good piece on CNN.com.

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