tag:blogger.com,1999:blog-2135788133426971614.post3945613786304371987..comments2024-03-28T01:09:48.303-07:00Comments on 21st Century Taxation: April 15 Tax Day! Some nostalgic music for the occasionProfessor Nellenhttp://www.blogger.com/profile/03288632402197167948noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2135788133426971614.post-79833081460239535992013-06-09T11:33:28.724-07:002013-06-09T11:33:28.724-07:00I really enjoyed the song! I had never heard it b...I really enjoyed the song! I had never heard it before. It truly embodies the purpose of our income tax system, to generate government revenues. It also portrays what kind of feelings a good tax system could generate. <br /><br />It is clear the general feeling of the public about taxes is not so rosey as it was in Mr. Berlin's day. Mr. Porter of the AICPA in his testimony to the US Senate on April 16, 2013 (http://www.finance.senate.gov/imo/media/doc/Porter%20Testimony1.pdf) indicated that the compressed filing season caused taxpayers anxiety. He notes the problem stemmed from late enactment of tax legislation and resulting delays in the IRS getting out guidance and forms. He also mentioned this caused inefficiencies for tax preparers. <br /><br />Increasing complexity, caused primarily by frequent and numerous changes to the tax law, negatively impacts taxpayers' perception of equity and fairness and decreases transparency. It manipulates decision making, which causes inefficiency in the economy. It also potentially increases the tax gap.<br /><br />It is unfortunate that the tax policy makers seem to promulgate a culture of hypocrisy which incrases the dissatsifaction of taxpayers. Hopefully fundamental tax reform can help us get back to the good old days when taxpayers respected the tax system. <br />Anonymoushttps://www.blogger.com/profile/15557492220264470356noreply@blogger.com