Some form of tax collection apparatus is necessary to fund the myriad governmental entities and the responsibilities they are charged with. Most of the proposals put forth are not only a significant departure from the current framework, but, in many cases, also differ markedly from each other. It also appears that a large number of Americans and their political representatives concur with this assessment given the large number of tax reform proposals advanced recently. There seems to be a general consensus among economists that the existing federal income tax structure in the United States: 1) is complex 2) hobbles economic growth by creating disincentives to save and invest and 3) creates a substantial compliance cost burden for individuals and businesses.
The income tax has made more liars out of the American people than golf has.
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