IRS Ombudsman Assails Tax Code

Posted on Jan 21, 2013

It's not often you hear a government employee criticize the agency which pays her salary, but that's exactly what happened recently when National Taxpayer Advocate Nina E. Olson delivered her annual report to Congress.

In her report, according to the Washington Post, Olson states that the four-million-word U.S. Tax Code imposes a “significant, even unconscionable” burden on the nation's taxpayers; that the U.S. Congress has made an average of one change per day to the code for the past dozen years; and that taxpayers spend a whopping six billion hours a year just trying to figure out the rules.

What is Olson's proposed solution to this mess? Well, like many politicians, she's in favor of eliminating most, if not all, of the loopholes riddling the Tax Code, which would decrease its heft significantly and make it much more transparent to the average U.S. citizen. To quote from the Washington Post story:

“The report urged Congress to approach tax reform in a manner similar to zero-based budgeting, reassessing each tax break with the starting assumption that all would be eliminated. Only those codes with great public benefit would be kept on the books… Congress’s nonpartisan Joint Committee on Taxation, which assists both political parties with legislation, has estimated that tax subsidies will total about $1.1 trillion for fiscal year 2013, compared with about $1.4 trillion in revenue from individual income taxes during the same period.”

Are you an Oklahoma resident who is baffled by the U.S. Tax Code and is facing a huge back tax bill? Call the Oklahoma tax experts at Travis W. Watkins, PC (800-721-7054) to find out what we can do for you!

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