Second, the taxes being paid are at least twice what they would be if, instead of our income tax, we had a consumption tax. The tax collectors are only part of the equation. Businesses spend as much for tax accountants, tax lawyers, tax preparers, tax reporting services and a host of other services reflected in the total taxes we pay. Whether a large corporation or a single-person business, many hours are spent during the year keeping voluminous records on behalf of the Internal Revenue Service. Billions of documents, from forms to so-called explanatory booklets must be printed each year.
Somebody has to pay for all the paper, ink and postage.
That somebody is you and me. Never mind all the foolish talk about making the 7 million-word tax code fairer or more equitable. It can't be done. There are many more reasons for abolishing our income tax in favor of a consumption tax. Horsey was just kidding, but some things are not funny.