The View on the Other Side of the Fiscal Cliff

Americans have a long history of independence: whether embarking on a harrowing voyage to an unknown land, striking out to conquer an already-occupied frontier, or tossing crates of tea into the sea to protest unfair taxation.

"In this year’s tax season, it might be wise to disregard the spirit of going it alone in favor of seeking out a tax professional."

This year’s tax code comes in at an estimated 4 million words. To put that into perspective, the Bible, the largest book in many American homes, weighs in at 774,746 words, or less than a quarter of the length of the tax law. National Taxpayer advocate Nina Olson said in her report to congress this week that, “Complying with the tax code will cost individuals and businesses in the U.S. 6 billion hours in 2013. If tax compliance were an industry, “Olson continued, “It would be the largest industry in the U.S.”

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