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Location: Ames, Iowa, United States

Monday, February 21, 2005

Tax Code Simplified? Not From My Perspective

This piece in the Times says that the tax code was simplified in 1986. Now I remember that the new code contained the highly touted 1040EZ, for those without major deductions. That was the only thing that was simplified. The code has increased in complexity virtually every year since the income tax was first introduced. I have long advocated that the Federal Government should be required to give a straight TAX CREDIT, not just a deduction, to those who need the help of a CPA or other tax professional. Maybe that will convince the feds to reduce the paperwork involved with our tax system.

I'll be back



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