On the recordMarch 7, 2012
According to H&R Block, which is one of the major preparers of income taxes in this country, now 60 percent of Americans use some type of preparer for their income tax return, and quite likely that number is going to increase. In 1960, less than a fifth of taxpayers used tax preparers. In 2011, H&R Block garnered $3 billion in tax preparation revenue, up from $1.5 billion, so they doubled in the previous 10 years. I've got nothing against this company. I think they do a good job. I've got nothing against my own accountant. But it's an indictment of our system when a tax preparer has seen their revenues increase so much, and it really is a shame. The United States Congress has it within their power to change this, to transform this, and they simply will not do it, and instead they continue to create a system that is so complicated that more than half of the public feel the need to pay someone else just what they owe at the end of the year to Uncle Sam. I will tell you, it just simply does not have to be this complicated. Let me show you what is possible if we were to transform the system into a simple, single-rate tax. Here is the form. This is not the long form. It's not the short form. It is simply the tax form.…





