U.S. Government Efficiency Department: U.S. tax law urgently needs to be simplified
The U.S. Department of Government Efficiency (DOGE) issued a statement on X stating: "In 1955, the U.S. tax code was less than 1.5 million words long. Today, it has exceeded 16 million words. Due to this complexity, Americans spend a total of 6.5 billion hours each year preparing and filing taxes. This urgently needs to be simplified."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Hyperliquid platform whales currently hold $4.293 billions in positions, with a long-short ratio of 0.9
Nasdaq Head of Crypto Business Pledges to "Accelerate" Stock Tokenization Process
Today's Fear and Greed Index remains at 28, indicating a level of fear.