Thursday, April 15, 2004 :::
 

From the Schadenfraude department:

Taxpayers working feverishly to meet the April 15 filing deadline can take some comfort knowing they are not alone when it comes to scratching their heads over this year's forms. Tax returns are getting more complicated.

I actually take a striking lack of comfort in that.

It is not only frustrating, but economically counterproductive, said David Keating, senior counselor for the National Taxpayers Union and author of a new study on tax complexity.

"This is something that hobbles the nation's productivity because we have a lot of very talented people filling out paperwork," he said. "It's a real deadweight in our economy."

And there's schedule D:

Capital gains can be taxed at multiple rates this year, depending when the asset was bought and sold.

Yeah, I remember particularly enjoying that part of the form.

::: posted by dWj at 11:40 AM

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