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However, income tax is now a "major source of revenue for the Federal government?. the collections of income tax from individuals and corporations amount to 53% of the total receipts." (Hoffman, 1-4).
According to author Deroy Murdock, it is estimated that "Americans will pay accountants and attorneys $140-$200 billion, or $700 for every man, woman and child to do their taxes, and examine through the 46,000- page of U.S. tax Code, and spend 5.4 billion hours a year doing income tax." (Murdock, 1). For many years, the U.S. government has tried to simplify the tax code; however, it seems to be more complicated each year...
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