Dear Colleague, Of all the shortcomings of the current income tax system, the costs associated with the code's complexity are certainly the most wasteful and unnecessary. The compliance burden of our complex tax code is truly mind boggling. Americans spend 5.4 billion man hours figuring out the tax law. That is the equivalent of nearly three million people working full time, year round just to comply with the tax system. That's more man-hours than it takes …showed first 75 words of 324 total…

…showed last 75 words of 324 total…be so simple, Americans could file their taxes on a return the size of a postcard. Today's 480 forms would be replaced with just two -- one for wage income and the other for business income. According to the Tax Foundation, the flat tax would cut compliance costs by 94 percent. That means tens if not hundreds of billions of dollars that are wasted today could be put to productive use and immediately raise Americans' living standards.