The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform, December 2010 Q.The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform, December 2010 A.The 2010 report of the National Commission on Fiscal Responsibility and Reform recommends policy reforms, collectively known as the Bowles-Simpson plan, intended to stabilize America's fiscal path. Read more about The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform, December 2010
What is it return-free tax filing and how would it work? Q.What is it return-free filing and how would it work? A.If an income tax system were simple enough, the government could withhold taxes owed and do its own accounting at the end of the year without much help from taxpayers. Read more about What is it return-free tax filing and how would it work?
What are ten ways to simplify the tax system? Q.What are 10 ways to simplify the tax system? A.The individual income tax imposes complexity that costs not only taxpayers, who expend time and money preparing and filing their returns, but also the IRS, which is responsible for auditing those returns and dealing with taxpayer errors. Here are 10 things Congress could do to simplify the income tax and reduce costs significantly for both taxpayers and the IRS. Read more about What are ten ways to simplify the tax system?
