Nicholas Von Hoffman on Tax Complexity

Posted by admin on Tuesday, April 8, 2014

Nicholas Von Hoffman Money Quotation saying those who are organized and who love assembling the puzzle of complex tax laws for the simple taxpayer. Nicholas Von Hoffman said:
 
Tens of billions ... are going into the pockets of tens of thousands of tax preparers who ... love complexity as much as the rest of us hate it Quote
 

“Tens of billions … are going into the pockets of tens of thousands of tax preparers who … love complexity as much as the rest of us hate it” — Nicholas Von Hoffman

 

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This quote from Nicholas Von Hoffman suggests that an immense amount of money is paid each year to tax preparation services and professionals due to the intentionally complex nature of the U.S. tax code.

The best interpretation is that Von Hoffman believed the tax system is deliberately designed to be convoluted, causing most people to require tax preparation help and generating substantial profits for those companies and individuals who specialize in such services.

According to Von Hoffman, while taxpayers despise and suffer from the complicated tax filing process, the small number of people employed in tax preparation “love” and benefit economically from its complexity.

The implication is that the tax code remains needlessly difficult in order to sustain an industry and jobs that would disappear if filing taxes were simplified and more straightforward.

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