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Tag Archive: Tax Reform Now


Look At How Many Pages Are In The Federal Tax Code

 

 

 

” As they rush to file their taxes by April 15, Americans are rightfully frustrated with the complexity of the 74,608-page-long federal tax code.

  The federal tax code is 187 times longer than it was a century ago, according to Wolters Kluwer, CCH, which has analyzed the federal tax code since 1913.

  Amazingly, in the first 26 years of the federal income tax, the tax code only grew from 400 to 504 pages. Even through President Franklin Roosevelt’s New Deal, the tax code was well under 1,000 pages. Changes during World War II made the length of the tax code balloon to 8,200 pages.

  Most of the growth in the tax code came in the past 30 years, growing from 26,300 pages in 1984 to nearly three times that length today.”

 

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One Chart That Shows Just How Screwed Up Our Tax System Really Is

 

 

 

 

” The 2014 tax season is finally over and whether or not you owe the IRS, the following news will not make you pleased:

” Twenty-five profitable Fortune 500 companies spent more on lobbying than they paid in federal taxes between 2008 and 2012,” according to a Public Campaign analysis of data from Citizens for Tax Justice and the Center for Responsive Politics.

  This is yet another way our tax structure penalizes individuals and small businesses while supporting mega corporations. We must make tax reform a major issue in the 2014 and 2016 elections to even this out.

  The analysis showed that over five years, these 25 corporations spent way more money influencing government than supporting it. They generated nearly $170 billion in profits and received $8.7 billion in tax rebates, all while paying their lobbyists $543 million, an average of nearly $300,000 a day, to advance their interests in Congress.”

 

    The astute reader will note that all of these corporations had a negative tax obligation . What’s wrong with this picture ? Cronyism anyone ?

 

 

Policy Mic