Bush's tax missimplification. (The Taxonomist).(Brief Article)

As we file our often complicated income-tax returns this April, should we take heart that President Bush's budget includes a section titled "Simplify the Tax Laws"? Not really. Elsewhere in the budget are some five dozen proposed tax breaks that would cram even more lines onto the already overcrowded Form 1040. But Bush's feigned call to simplify is much worse than mere chutzpah.

Of Bush's three so-called simplification measures, one is trivial, one is nothing but a sop to a few very well-off taxpayers and one is truly insidious.

The trivial item involves the tax ...

Read the rest of this article with a Free Trial at HighBeam Research.