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Old 11-01-2007, 04:25 PM
Inso0 Inso0 is offline
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Join Date: Nov 2006
Posts: 279
Default Re: Cost of Administering the US Income Tax

I'm going to sound like an asshat for not being 100% sure on my figures.

But I'm 90% sure that in a recent story, one of the big Wall Street firms was listed as spending like 5 BILLION, with a 'B' dollars on people to make sure they stay in compliance with the absurd tax code. I really want to find the story now, because I remember reading it and being absolutely astonished at how much money was wasted on their army of accountants or whatever the hell all goes in to tax compliance.

I shall look and provide linkage!

Perhaps it'll be a place to start.



EDIT: Ok I think I was off, and my figure might have been all the big Wall Street firms, not just one.

Take a look at this link: http://linder.house.gov/_pdfs/WSJFoxCNN.pdf
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