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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (5112)1/19/2009 9:26:25 AM
From: DuckTapeSunroof  Respond to of 103300
 
(I assume that includes --- not just the actual legislative language --- but the much larger set of administrative implementation language....)

Any way you slice it though... it's a FAR TOO COMPLEX and corrupted mess, with annual compliance costs easily around $200 Billion.

(And that compliance cost figure DOES NOT include the opportunity cost of forgoing more productive economic activities merely to capture some narrow-based tax gain.)

The true cost to our nation's economy is likely MUCH in excess of that '$200 Billion per year' figure.