Billions Quote by Charles O. Rossotti
“The cost of taxpayer compliance with [the tax code] is over $80 billion per year, more than eight times the cost of the IRS budget”
About This Quote
Source Report: Government Financial Analysis, 2022
Tax‑code compliance costs exceed $80 billion annually, far surpassing the IRS budget, highlighting inefficiency.
In simple terms: Tax compliance is extremely costly.
Advocate for tax reform.
Themes
Mood
Type
When to use this quote
- legislative hearings
- taxpayer advocacy
Key Concepts
Questions to Reflect On
- How can compliance be simplified?
- What are the hidden costs of tax complexity?
Reform may face political resistance.