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Updated almost 14 years ago on . Most recent reply presented by

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Would You Trade Your Real Estate Tax Deductions For a Simpler Tax Code?

Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Posted

I am consistently baffled by the complexity of the tax code in the U.S.

What percentage of the tax "savings" that you realize each year go to pay for overhead associated with preparing returns, planning, advice, etc.? How much of a drag does this overhead present to your organization?

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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
Replied

I hear there is going to be a super-simple tax return available next year for 2010. Only 2 lines!

_________________________________________________
1040 SUPER EZ

1. How much money did you make in 2010?.............._______

2. Send it in!
_________________________________________________

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