A call for individual tax simplification

This article proposes forming a combined committee from the AICPA and the American Accounting Association for the express purpose of formulating an individual tax simplification plan. This plan should then be presented directly to Congress and the American taxpayers. This proposed approach is unique...

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Bibliographic Details
Published in:The CPA journal (1975) 2002-07, Vol.72 (7), p.8
Main Authors: Harmelink, Philip J, VanDenburgh, William M
Format: Article
Language:English
Subjects:
Alternative minimum tax
Committees
Political aspects
Proposals
Simplification
Tax law
Tax planning
Tax rates
Tax reform
Taxation
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Summary:This article proposes forming a combined committee from the AICPA and the American Accounting Association for the express purpose of formulating an individual tax simplification plan. This plan should then be presented directly to Congress and the American taxpayers. This proposed approach is unique in that it: 1. focuses exclusively on individual taxation, 2. calls for the creation of an independent nongovernmental panel of accounting and tax experts from both practice and academia, as well as the aggressive promotion of this plan by the AICPA and AAA, and 3. provides temporary budgetary flexibility.
ISSN:0732-8435