In their 2016 tax blueprint, House Republicans traced the 30-year growth of Federal tax law from 26,000 pages to approximately 70,000 pages. A tax code that is too simple is susceptible to loopholes. Over the past 30 years, the tax code has been stuck in a loophole cycle. No matter how clear and concise the tax code is, taxpayers and practitioners will always find varying interpretations of the law. The quest for a simple tax code is also stalled by special interest groups.

Source: Forbes September 11, 2017 11:37 UTC