[witchypooy]

to post #7 on tax compliance costs

Just do a google search. You will find tons of recent reports on tax compliance costs, just make sure you are looking at recent figures. 6 Billion hours of labor and $250 billion in compliance costs. This is 20-35% per industry depending. 7.65% of it is their FICA employer matching costs alone, or did you forget that?

How much do you think it costs for a good tax attorney these days? Loopholes don' come cheap. And by the way, my example was given in easy math terms to make the point.

witchypooy@aol.com

[Founding Father]

The 7.65% stays in under any fair tax proposal I've seen, so I didn't count that and most small companies, which is the vast majority of companies, don't use tax attorneys because they can't afford them. Likewise, I didn't eliminate FICA/Medicare filing compliance costs since that would remain too.

[LeGrande]

Just do a google search. You will find tons of recent reports on tax compliance costs, just make sure you are looking at recent figures. 6 Billion hours of labor and $250 billion in compliance costs. This is 20-35% per industry depending. 7.65% of it is their FICA employer matching costs alone, or did you forget that?

If our GDP is over 10 trillion then 250 tax compliance costs is closer to 2% than 20-35%. Using bad math and bad examples doesn't help your cause : (

The solution is to cut the size of government. Then there are multiple great ways to support it.