Tax Code Is Longer than the Bible
By Melancton Smith • Thursday January 10, 2013 5:29 AM PDT • 2 Comments
From the Associated Press:
At nearly 4 million words, the U.S. tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements, according to a report Wednesday by an independent government watchdog.
That’s the equivalent of 3 million people working full-time, year-round.
“If tax compliance were an industry, it would be one of the largest in the United States,” says the report by Nina E. Olson, the National Taxpayer Advocate.
The days of most taxpayers sitting down with a pencil and a calculator to figure out their taxes are long gone, Olson said. Since 2001, Congress has made almost 5,000 changes to U.S. tax law. That’s an average of more than one a day.
As a result, almost 60 percent of filers will pay someone to prepare their tax returns this spring. An additional 30 percent will use commercial software. Without the help, Olson says, most taxpayers would be lost.
The Scriptures make us “wise for salvation through faith in Christ Jesus.” (2 Timothy 3:15). The tax code, on the other hand, is just a drain on our time, patience, and resources.