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Hidden tax costs.(the Digest: Summaries of important new research)(Brief article)

The American Enterprise

| May 01, 2006 | Bosworth, Brandon | COPYRIGHT 2006 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Wendy Warcholik, Scott Moody, and Scott Hodge, "The Rising Cost of Complying with the Federal Income Tax," The Tax Foundation, January 2006 (taxfoundation.org)

While Americans can expect to pay roughly $1.2 trillion in federal income taxes for 2005, Wendy Warcholik, Scott Moody, and Scott Hodge point out that our "tax burden is more than just the amount of tax paid. It also includes the cost of complying with federal taxes, including tax planning, paperwork and other hassles caused by tax complexity."

In trying to comply ...

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