Doing Away with Tax Day:
How can we get to a fairer and less cumbersome code?
The Neal Boortz Radio Show
Author of The New York Times bestseller The FairTax Book
Michael J. Graetz
Yale School of Law
Author:The Decline (and Fall?) of the Income Tax
Contributing Editor, Institutional Investor
As we enter the height of tax season we are again reminded of the burden of filing taxes. The IRS estimates 6 billion hours will be spent in tax compliance, at a cost of $265 billion. This amounts to 22 cents for every dollar collected. Compliance costs are also very regressive, imposing a larger burden on the low income. Despite a consensus that our code should be ?simpler, fairer, and more pro-growth,? it appears that the recent attempt at this by the President?s bipartisan Tax Reform Panel is a failure. What should tax reform look like? Is reform hostage to special interests? Is there any effective way to keep politicians from further complicating the code?
6:30 P.M. Prompt
(Free and open to the public - Reception to follow)
The Graduate Center
The City University of New York
365 Fifth Avenue, New York
(Corner of 34th Street & 5th Avenue)
Added by trukslp on March 24, 2006