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Americans spend more than a day, $200 to pay their taxes
WASHINGTON (AP) - A new report shows that tax season became a
little more taxing this year, with the average person spending more
than a day and more than $200 compiling those numbers for the tax
man.
But if it's any consolation to the individual still trying to
get receipts in order a day before tomorrow's filing deadline,
businesses have it far worse.
The National Taxpayers Union used Internal Revenue Service
figures for its annual look at the burdens of taxpaying.
The union says the corporate cost of compliance is about $170
billion. General Electric in 2006 filed returns equivalent to
24,000 printed pages.
The group says Congress, and not the Internal Revenue Service,
is the leading culprit in this time and money increase.
The nonpartisan organization works for lower taxes and smaller
government.
IRS figures showed that all taxpayers spent 26.5 hours in record
keeping, studying the law, and preparing and sending their forms
for the 2006 tax year.
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On the Net:
National Taxpayers
Union
: http://www.ntu.org
IRS: http://www.irs.gov/
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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