Part one of term paper
The Tax System The current income tax system is in terrible shape. It is complex; unfair; inhibits saving, investment and job creation; imposes a heavy burden on families; and undermines the integrity of the democratic process. The system cannot be repaired by simple tinkering and fine-tuning, it must be completely repealed and replaced. The ...

Part two of term paper
... Nearly 300,000 trees are cut down each year to produce the paper on which IRS forms and instructions are printed. But the administrative costs of the tax system far exceed those borne directly by the IRS. Each year Americans devote 5.4 billion hours complying with the tax code, which is more time than it takes to build every car, truck and van produced in the United States. The cost of complying with the tax system totals about $200 billion annually or when broken down: $700 for every man, woman ...