At what point do you say that the income tax compliance burdens imposed by the Internal Revenue Code are too significant? Forget about measurements of how many pages are now in the Internal Revenue Code, Treasury Regulations, IRS pronouncements, etc. - a recent IRS announcement includes one simple fact that shows we have reached the tipping point.
The IRS recently announced that the nation's largest tax return was filed electronically - the return of General Electric. The IRS indicated that if printed on paper, the return would be approximately 24,000 pages long.
24,000 pages.
24,000 pages.
24,000 pages!
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