"Our tax system has become so incredibly complicated, even somebody who really knows her way around an accounting text-book has a hard time getting everything right," said Sen. Ron Wyden, D-Ore., ranking member of the committee. "Simplicity is a lofty goal in tax reform that many of us would like to see," said Carol Markman, CPA, director of taxation for Bryn Mawr, Pa.-based EP Caine & Associates CPA LLC and past president of the National Conference of CPA Practitioners, who testified at the hearing. "However, simplicity frequently leads to unfair and/or unreasonable outcomes," she said. "For example, the simplest type of tax is a sales tax, but it is the most regressive type of tax since it places the highest proportionate burden on those least able to pay the tax."
展开▼
