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Despite what they say, pols like the tangled tax system just the way it is.
I asked my tax instructor in the late 1970's, who did taxes on the side, if he was concerned that the tax simplification legislation then in Congress would put him out of business. He more than smiled...he laughed heartily.
It's quite sad to see people have such a negative viewpoint on tax reform ever happening. It's such a huge drag on our economy and wastes a ton of money, time and efficiency. We need to simplify the tax code and soon. Case in point, I recently received an audit of my 2009 MN Property Tax Refund form...the form is non-logical from the start, first they ask for your federal adjusted gross income (FAGI) then they proceed to ask for additional nontaxable income...well in the audit they suggested that I should have included my IRA contributions (which were already removed from the FAGI). So why did they ask for FAGI when there were other values that included my income (with my IRA contributions) on my W2? Also, I went through the instructions to check if there were any other nontaxable income that I should have included...health insurance premiums are not mentioned in the instructions to either add on that line or not include on that line...don't we all have to pay those, most of us get them tax free through our business...how could they leave that out of the instructions? I also had a Health FSA, once again not mentioned in the instructions so I have no idea if I am breaking the law or not by including those numbers or not. Can people see how the deliberate complexity of these forms waste a lot of time and effort; we need tax reform on all levels of government and a little common sense as to how these tax forms are organized.
So true. Lots of political posturing but nothing changes. We can expect term limits in Congress prior to meaningful changes in the tax code.
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