u.s. tax code can be excruciating. new online video exposes complying with the code can be costly for you and your family. just complying with the tact code will cost us 338 billion dollars this year. the reason for this punitive compliance cost is politicians keep making the tax system more complicated. the chart you see on the screen shows the number of words of tax law and regulation just for the income tax has jumped from 718 in 1955 to more than 7 million in 2005. who knows how high it is now. dealing with that complexity is time-consuming. irs estimates we spend 7.6 billion hours each year dealing with the tax system. equivalent of nearly four million fulltime workers. i m afraid to speculate what that number is going to be knew obama has put the irs in
charge of enforcing a government run health care system. sean: joining me to talk about her research is the student who narrated that video. welcome to the program, thanks for being with us. thank you stprorg me. sean: gut to break in down. obviously, people have just been through this. when you break night those numbers, it is spectacularly shocking and confusing. explain what you found in your research. it is honestly terrifying. i saw were you talking about high tax rates earlier in your program that is obviously a big issue this is terrifying the waste of resources that we have. 338 billion dollars is what the tax foundation estimates that just complying with the tax code cost us this year this means the amount of money that people pay for accountants, tax preparers, just to file their taxes. the irs estimates that it costs us it took us 7.6
charge of enforcing a government run health care system. sean: joining me to talk about her research is the student who narrated that video. welcome to the program, thanks for being with us. thank you stprorg me. sean: gut to break in down. obviously, people have just been through this. when you break night those numbers, it is spectacularly shocking and confusing. explain what you found in your research. it is honestly terrifying. i saw were you talking about high tax rates earlier in your program that is obviously a big issue this is terrifying the waste of resources that we have. 338 billion dollars is what the tax foundation estimates that just complying with the tax code cost us this year this means the amount of money that people pay for accountants, tax preparers, just to file their taxes. the irs estimates that it costs us it took us 7.6
charge of enforcing a government run health care system. sean: joining me to talk about her research is the student who narrated that video. welcome to the program, thanks for being with us. thank you stprorg me. sean: gut to break in down. obviously, people have just been through this. when you break night those numbers, it is spectacularly shocking and confusing. explain what you found in your research. it is honestly terrifying. i saw were you talking about high tax rates earlier in your program that is obviously a big issue this is terrifying the waste of resources that we have. 338 billion dollars is what the tax foundation estimates that just complying with the tax code cost us this year this means the amount of money that people pay for accountants, tax preparers, just to file their taxes. the irs estimates that it costs us it took us 7.6
u.s. tax code can be excruciating. new online video exposes complying with the code can be costly for you and your family. just complying with the tact code will cost us 338 billion dollars this year. the reason for this punitive compliance cost is politicians keep making the tax system more complicated. the chart you see on the screen shows the number of words of tax law and regulation just for the income tax has jumped from 718 in 1955 to more than 7 million in 2005. who knows how high it is now. dealing with that complexity is time-consuming. irs estimates we spend 7.6 billion hours each year dealing with the tax system. equivalent of nearly four million fulltime workers. i m afraid to speculate what that number is going to be knew obama has put the irs in