Posted by taxguru on November 24, 2002
Tax Re-Form
As I’ve said before, the term “reform” doesn’t always mean an improvement. As sincere as our rulers in DC may be about wanting to simplify the tax system in this country, their results won’t be any better than after the last 30 or 40 tries.
Besides the fact that there is no consensus as to what form to change the tax system to, it’s no different than on my infamous Tax Legislation-Digestion poster. Tax simplification proposals start off very appetizing and appealing, like an apple pie. However, after making their way though the legislative process, the end results are much the same as an apple pie after making its way through the body’s digestive system. It has been re-formed; but is it better? Our tax system is an irreparable monstrosity that needs to be ended, not mended.
KMK
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