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	<title>Tax Policy @ OptimalPortfolio.net &#187; Compliance Cost</title>
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	<description>Replacing wealth taxes with a flat consumption tax and other political commentary...</description>
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		<title>Excuses for not Replacing Income Tax</title>
		<link>http://OptimalPortfolio.net/TaxPolicy/2008/12/23/excuses-for-not-replacing-income-tax/</link>
		<comments>http://OptimalPortfolio.net/TaxPolicy/2008/12/23/excuses-for-not-replacing-income-tax/#comments</comments>
		<pubDate>Wed, 24 Dec 2008 02:53:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business Objections]]></category>
		<category><![CDATA[Compliance Cost]]></category>
		<category><![CDATA[Income Tax Inequities]]></category>

		<guid isPermaLink="false">http://OptimalPortfolio.net/TaxPolicy/?p=365</guid>
		<description><![CDATA[With $150B+ in improved economic efficiency on the table and the potential for improved quality of life and better corporate returns, why haven’t legislators funded a study to replace income/capital taxes with consumption taxes? One justification might be that a $13.8T economy would only see a 1.1% improvement in efficiency by adopting consumption taxes. Legislators [...]]]></description>
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		<title>Income Tax Compliance Cost</title>
		<link>http://OptimalPortfolio.net/TaxPolicy/2008/06/19/income-tax-compliance-cost/</link>
		<comments>http://OptimalPortfolio.net/TaxPolicy/2008/06/19/income-tax-compliance-cost/#comments</comments>
		<pubDate>Thu, 19 Jun 2008 19:25:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Compliance Cost]]></category>

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		<description><![CDATA[Taxpayers exert significant effort (about $140B in 2001) to ensure that they’re paying no more than the minimum necessary to comply with myriad federal tax regulations. The Internal Revenue Service also exerts significant effort ($11.1B in 2008) ensuring that taxpayers contribute no less than the minimum proscribed by law.
The efforts of both parties in this [...]]]></description>
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		<title>Optimal Enforcement?</title>
		<link>http://OptimalPortfolio.net/TaxPolicy/2008/06/07/optimal-enforcement/</link>
		<comments>http://OptimalPortfolio.net/TaxPolicy/2008/06/07/optimal-enforcement/#comments</comments>
		<pubDate>Sat, 07 Jun 2008 05:23:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Compliance Cost]]></category>

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		<description><![CDATA[Government&#8217;s usual answer to a shortfall in income tax compliance is to step up enforcement, yet no matter how effective enforcement could ultimately be, it will certainly involve increased cost and can&#8217;t ever be perfect.  So you end up with ludicrous optimality condition where revenue from improved compliance is finally equaled by the incremental [...]]]></description>
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