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November 24, 2022

CPA welfare

Tax Complexity Working Out Alright for CPAs

The IRS estimates that in 2016 American taxpayers will spend 8.9 billion hours preparing and filing taxes. To put that in perspective, 8.9 billion hours is 1,015,286 years or the amount of time it takes to play about three games of Monopoly. The report goes on to estimate the cost of compliance at $409 billion. […]