A Better Way: on Tax Reform

Bob Goodlatte: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Bob Goodlatte: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.

Candice Miller: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Candice Miller: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.

Devin Nunes: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Devin Nunes: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.

Ed Royce: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Ed Royce: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.

Jeff Miller: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Jeff Miller: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.

Mac Thornberry: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Mac Thornberry: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.

Michael McCaul: 70,000 page tax code is burdensome & wasteful

While the Internal Revenue Code runs over 2,600 pages, the tax code itself represents only a small fraction of the entire body of Federal tax law. Taxpayers must navigate laws and guidance that include Treasury regulations; IRS forms, instructions, publications, and other guidance; and Federal court decisions. When all of these sources are compiled together, the Federal tax laws today fill approximately 70,000 pages--almost triple the number of pages at the time of the Tax Reform Act of 1986. Recent estimates have found that Americans now spend over $409 billion and 8.9 billion hours annually trying to comply with our broken tax code.

Tax complexity and compliance costs are a serious burden for all Americans, but for small businesses--our nation's chief source of job creation--the burden is particularly severe.

Michael McCaul: Death tax results in double or even triple taxation

Under current law, the estate tax applies under specified circumstances to transfers of wealth when a person dies. An additional tax may apply to generation-skipping transfers, which generally involve a person making a gift that skips one or more generations--for example a gift from a grandfather to a grandchild or great grandchild.