Study from Nation's Largest Taxpayer Group Shows Individuals, Corps., Spending Nearly $300 Billion on Tax Compliance
(Alexandria, Va.) -- Complying with the nation's Tax Code now costs American families and businesses more time, money, and frustration than ever, according to the 362,000-member National Taxpayers Union's (NTU) 11th annual study of tax complexity trends. Taxpayers using any of the 1040 tax form series will spend an average of 26.4 hours and $209 completing their returns for the most current tax year, up from 25.4 hours and $185 four years ago.
"Just in time for the Tax Day 'Tea Party' revolts being held around the country tomorrow is the unsurprising news that taxpayers are bedeviled by increasingly complex federal income tax regulations," NTU Senior Counselor and study author David Keating said. "If our study tells us anything, it's that Americans are ready to toss the U.S. Tax Code overboard and start anew with a simpler and more transparent version."
NTU has conducted comprehensive examinations of Tax Code complexity since 1999, providing historical trends of the burden on Americans to comply with IRS demands. Among 2009's findings:
For Immediate Release Sep 25, 2008
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As Election Day Nears, Presidential Candidates Continue Out-Promising, Out-Spending Each Other
(Alexandria, Va.) -- As John McCain and Barack Obama jockeyed for position in the race to appear "leader-like" over the economy and in upcoming debates, the latest update of the National Taxpayers Union Foundation's (NTUF) candidate cost analysis project shows that despite their different styles, the major party Presidential hopefuls have one thing in common: both their agendas would add billions more to the taxpayer's tab every year.
NTUF's fourth and final round of assigning price tags to the candidates' platforms since January 29 found that Sen. McCain (R-AZ) would increase yearly federal spending by $92.4 billion, compared to Sen. Obama's (D-IL) $293.0 billion. NTUF also released a first-time analysis of Libertarian Party candidate Bob Barr, who would instead cut annual federal spending by $200.9 billion. The studies include proposals through September 19.
Newark, NJ – Last October, New Jersey Appleseed Public Interest Law Center and Emery Celli Brinkerhoff & Abady, LLP filed suit against the State of New Jersey on behalf of three alternative political parties, arguing that state statutes barring their clients from official “political party” recognition were unconstitutional and discriminatory. On October 17, New Jersey Superior Court Judge Neil H. Shuster, Presiding Judge of the Chancery Division, Mercer County, signed a Consent Order granting equal treatment to alternative political parties in New Jersey. The Order eliminates some of the structural advantages long enjoyed by the Democratic and Republican Parties. The State conceded that New Jersey election law should treat alternative parties as official “political parties” for the purposes of campaign finance, lobbying, and voter registration.