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Why not make the tax code easy to understand then you dont need new regulations? The fact that virtually no one can be 100 percent sure that they filed their taxes correctly should be evidence enough that it is fundamentally seriously flawed. Of course the government ignores the real problem.
I have filed corporate taxes in Hong Kong before with nearly identical revenue. It literally took 1/20th the time.
Also, it isnt a Republican/ Democrat thing. The tax code was just as bad under Bush as it is under Obama. The Libertarians are the only ones that actually want to use common sense on this issue.
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