Federal Tax Code and Regulations Now Exceed 10 Million Words in Length 

In 1955, the federal tax code and regulations together totaled 1.4 million words. Since then, the combined length has increased more than seven fold, growing at a pace of 144,500 words per year.

 reports: The length of the federal tax code and regulations now exceed 10 million words, according to a report from the Tax Foundation.

“The American tax code is intentionally complex—it’s Washington’s safe haven for carve-outs, loopholes, and subsidies for special interests.”

According to the report, the federal tax code is 2,412,000 words long, and federal tax regulations are 7,655,000 words long.

“America’s tax code will continue to impede growth and opportunity until policy leaders prioritize reform and face cronyism head-on.”

— Andy Koenig, Freedom Partners’ senior policy analyst

In 1955, the federal tax code and regulations together totaled 1.4 million words. Since then, the combined length has increased more than seven fold, growing at a pace of 144,500 words per year.

tax-dollars-heritage

According to the Tax Foundation, the length of the tax code correlates with the complexity of the federal tax system and the difficulties faced by Americans trying to file their taxes.

“The American tax code is intentionally complex—it’s Washington’s safe haven for carve-outs, loopholes, and subsidies for special interests,” said Andy Koenig, Freedom Partners’ senior policy analyst. “America’s tax code will continue to impede growth and opportunity until policy leaders prioritize reform and face cronyism head-on.”

A Pew Research poll found that 59 percent of Americans say that the tax system is so flawed that Congress should overhaul it….(read more)

Source: Washington Free Beacon



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