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Article Summary
  • The IRS compliance costs in the United States are estimated to be $546 billion per year.
  • The complexity of the tax code contributes to these high costs, as individuals and businesses must spend significant resources to comply.
  • Small businesses are particularly burdened by IRS compliance costs, as they often lack the resources to navigate complex tax regulations.
  • The high IRS compliance costs may deter investment and economic growth in the United States.
  • The article suggests that simplifying the tax code could reduce compliance costs and benefit the economy. Tone: Informative and critical of the current IRS compliance costs in the US.
Check out the full article here.
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Americans
  The Daily Signal     2 hours ago
IRS Compliance Costs $546 Billion Per Year
Editors note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Americans spend over $500 billion per year defending... Read MoreThe post
https://www.dailysignal.com/2024/11/24/irs-complia...
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