The fiscal cliff deal is likely, according to Washington bean counters, to raise roughly $620 billion in new upper-income taxes over the next decade. In 2013, that works out to be about $50 billion.

At a time when Republicans and Democrats can't seem to come to terms on anything, most politicians are in agreement on one thing: the corporate tax code should be simplified. We reported here several ...

Doing a tax return, like a near-death experience, focuses the mind. It tends to leave one contemplating the meaning of things, though not necessarily the deeper aspects of life. More likely, taxpayers ...

Announcing a push for comprehensive tax reform on Wednesday, President Trump railed against the tax code’s complexity. Ninety percent of taxpayers, Trump said, need help to file their taxes. This ...

Nothing demonstrates the frustrating complexity and inefficiency of the United States government more than filing your taxes. The tax code is 6,800 pages (and counting), and is nearly impossible for ...

You can say what you want about Elon Musk, but he is able to pinpoint in a single tweet some of the most dysfunctional aspects of our federal government. For instance, he recently noted that ...

The complexity of the federal Tax Code can engender errors and underpaid taxes, according to a new government study. The study, by the Government Accountability Office, noted that the GAO has ...

Last month, Americans finished filing their taxes for the year. Once again, it was a massive, time-consuming headache. All told, taxpayers spent an estimated 7.1 billion hours dealing with the tax ...

Complexity and inconsistency within the tax code continue to be a major problem for small businesses, with one out of four small businesses reporting that they need to spend 120 hours or more per year ...

According to industry reports, there are more than 130,000 tax preparation businesses with nearly 300,000 employees in the United States. For the sake of comparison, that’s roughly the amount of every ...