Tag: retirement

High, Complicated and Unfair

High, Complicated and Unfair

(Photo source: Washington Examiner, Look at how many pages are in the federal tax code, 4/15/16)

Today is Tax Day. A day dreaded by everyone except the government.

Here in Minnesota, we are hit especially hard by our nation’s archaic, complicated and excessive tax code. According to the tax collectors themselves, Minnesotans fall among the top three states whose citizens pay the most taxes per person. And just last week, we found out that Minnesota has the 5th highest tax burden in the country.

Simply put: at nearly 75,000 pages, our tax code is out of control. Studies show that the IRS imposes more than 8.1 billion hours of paperwork on the American people and this year, total tax compliance is expected to top $400 billion. Thankfully, help is on the way. Read More