Tax System- A Pain

Date: Saturday, September 20, 2008
Time: 11 PM
Place: Kitchen

You’ll pay more in taxes than you need to if you don’t understand the tax system.
Unfortunately, when you try to read and make sense of the tax laws, you quickly realize that you’re more likely to win the lottery than figure out some parts of the tax code! That’s one of the reasons that tax attorneys and accountants are paid so much — to compensate them for their intense and prolonged agony of deciphering the tax code! But here’s a little secret to make you feel much better: You don’t need to read the dreadful tax laws. Most tax advisors don’t read them themselves. Instead, they rely upon summaries prepared by organizations and people who have more of a knack for explaining things clearly and concisely than the IRS does. CCH Inc. — the organization responsible for technically reviewing this fine book — has compiled a Federal Tax Reporter publication that details all federal tax laws. This publication now has in excess of 55,000 pages!