Archive for May, 2016

How long is the U.S. Tax code?

So you’re wondering how long the U.S. Tax code is? Check the chart below. It’s a whopping 74,608. It was about 500 pages in 1940!

041415 Tax Code Complexity

2 real tax cuts spurred the US economy:

Kenedy tax cuts — 1960’s

Reagan tax cuts — 1980’s

Kenedy and Reagan both realized that the high tax rates made people work less, or at least less enthusiastically. Also they raised other taxes like Social Security, and people didn’t get discouraged.

 

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