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Pondering the complexity of the tax code on Tax Day
As you finalize this year’s tax returns, I hope you realize you are not the only one feeling frustrated. In fact, Albert Einstein once quipped that “The hardest thing in the world to understand is the income tax.” Interestingly, this wasn’t always the case. In 1913, the tax code was a far more manageable 400 pages. When Einstein passed away in 1955, the U.S. tax code had grown to about 14,000 pages — 10 times as long as the novel “War and Peace.” Today, now eclipsing 74,000 pages, the code is more than five times as large as it was in Einstein’s time…Read More
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