The American tax system is complex. It’s also ineffective: our tax rates are high, yet our budget deficit is even higher. Add to that the failing state of many school systems, infrastructure, and health care accessibility in our country, and the whole question becomes even messier.
Also, how and why has the American tax code grown to 74,608-pages long? Even Certified Public Accountants can’t stay up-to-date with the ever-growing code requirements.
So what gives? What is wrong with the American tax system and how does it disproportionately tax the middle class? [Read more…] about What is Wrong With the American Tax System for the Middle Class?