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1 Scott A. Hodge, The Compliance Costs of IRS Regulations 1 (2016)

handle is hein.taxfoundation/cmcstirseg0001 and id is 1 raw text is: 











FOUNATIO                       The Compliance Costs of IRS



FISCAL                          Regulations


FACT

No. 512                         By  Scott   A.  Hodge

Jun. 2016                           President



                                Key   Findings:



                                  *The  growing  complexity of the U.S. tax code has led to large compliance costs for

                                    households  and businesses.



                                  *Using  data from the Office of Information and  Regulatory Affairs and the Bureau

                                    of Labor Statistics, it is possible to estimate the total cost of tax compliance on the

                                    U.S. economy.



                                  *Americans   will spend more than 8.9 billion hours complying with IRS tax filing

                                    requirements  in 2016.



                                  *All in all, tax compliance will cost the U.S. economy $409 billion this year.
































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