Tax Tyranny

Tax bills enacted over the past five years have reduced the tax-bite for millions of Americans, but they’ve also make the tax code more mind-bogglingly complex than ever. A recent Cato Institute study found that the number of pages of federal tax rules leapt from 26,300 in 1984 to 40,500 in 1995 to a staggering 66,498 in 2006. That’s 50 times the length of the King James Bible, and about 150 times the length of the Da Vinci Code.