So says Steve Forbes, here, who reminds us why that is:
The federal income tax code and all its attendant rules and regulations -- almost 10 million words and rising.
The code has been changed 14,000 times since 1986; last year alone there were 500 changes. The cost of compliance is horrific. The IRS itself calculates that we spend more than 6 billion hours a year filling out tax forms, the equivalent of almost 3 million full-time jobs. The Tax Foundation calculates that by 2015 annual compliance will be costing the American people some $483 billion a year.
