Tag: tax code overhaul
-
New Tax Code Reduces Forms by Simply Merging Nation’s Income with National Debt
WASHINGTON—In a sweeping simplification that officials praised as “both elegant and inevitable,” the federal government on Thursday unveiled a new tax code that reduces paperwork by combining every American’s income with the national debt into a single, all-purpose number that nobody has to look at ever again. “For years, taxpayers have pleaded with us to…