I am all for a complete overhaul of our tax system, complete tax reform, our tax code, is 70,000 pages. I've seen estimates that It costs anywhere from 200 billion to $338 billion just to comply with our tax code. To put that in context, we raised this year we'll probably get $2.5 trillion in revenue. $338 billion is almost 15% of those receipts. That's ridiculous. (02:35–02:43)
CLAIM
Asserts that compliance with the tax code costs between $200 billion and $338 billion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
