U.S. Federal Tax Code

Apr 13, 2009

C-SPAN | Washington Journal

Nina Olson talked about her annual report to Congress in which she argued that the complexity of the tax code is the most serious problem facing U.S. taxpayers. Besides describing how difficult it is for consumers and businesses to maneuver the code, she made several suggestions for simplification. Ms. Olson responded to telephone calls and .. Read More
Nina Olson talked about her annual report to Congress in which she argued that the complexity of the tax code is the most serious problem facing U.S. taxpayers. Besides describing how difficult it is for consumers and businesses to maneuver the code, she made several suggestions for simplification. Ms. Olson responded to telephone calls and electronic mail.

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TIME SPEAKER TEXT
00:00:00 Unidentified Speaker IT THANK YOU, TOO. -- IT IS KIND OF MIND- BOGGLING.
00:00:06 Unidentified Speaker YOU CAN WATCH THE OTHER WINNING VIDEOS ON OUR WEBSITE.
00:00:12 Unidentified Speaker "WASHINGTON JOURNAL" CONTINUES.
00:00:19 HOST NINA OLSEN IS THE NATIONAL TAXPAYERS ADVOCATE AT THE I.R.S. SHE ALSO WROTE THIS ARTICLE LAST WEEK....
00:01:18 HOST YOU'RE RIGHT THAT DESPITE THE EXASPERATION NO SIGNIFICANT SIMPLIFICATION HAS OCCURRED SINCE THE TAX...
00:01:27 GUEST THAT IS CORRECT. IT GOES BACK TO PEOPLE WANTING THE CODE TO REFLECT CERTAIN CIRCUMSTANCES. ALSO, TO...
00:02:18 HOST WE WANT TO GET IN AS MANY CALLS AS POSSIBLE FOR NINA OLSON. I WANT TO TAKE A LOOK AT A COUPLE OF...
00:03:17 GUEST WE TOOK THE ESTIMATES FROM EACH YEAR, ESTIMATING THE AMOUNT OF TIME IT TAKES TO PREPARE AND FILL IN,...
00:04:31 HOST MICHIGAN, ON OUR LINE FOR DEMOCRATS. CALLER: GOOD MORNING. I HAVE A COMMENT. I AM SORRY MR. GORE...
00:05:54 GUEST I THINK THE CALLER RAISES THE POINT. LET ME FIRST SAY THAT I AM NOT AN ECONOMIST. I AM A TAX LAWYER....
00:07:27 HOST 4 LAUDERDALE, FLA. ON OUR LINE FOR REPUBLICANS. CALLER: HOST: GOOD MORNING. FORT LAUDERDALE. CALLER:...
00:08:20 GUEST THAT IS A GOOD QUESTION. IT GOES TO THE COMPLEXITY OF LAW. MY UNDERSTANDING IS HOW THE MAKE WORK...
00:09:43 HOST OUR NEXT CALL COMES FROM FLORIDA ON A LINE FOR INDEPENDENCE. CALLER: GOOD MORNING. YOU'RE SO MUCH...
00:10:15 GUEST I DO NOT KNOW WHETHER YOU'RE TALKING ABOUT THE WEALTHY OR THE LOWER OR MIDDLE INCOME. CONGRESS PASSED...
00:12:52 HOST IN THE IRS TAXPAYER ADVOCATE TAXPAYER BLUEPRINT THE FIRST ITEM IS THAT THE CODE SHOULD NOT CONTAIN...
00:13:03 GUEST PEOPLE MAY NOT KNOW HOW TO DO THINGS RIGHT. LET'S GIVE AN EXAMPLE -- JUST A FAMILY STATUS PROVISION....
00:14:15 HOST THE NEXT SAYS THAT TAX LAW SHOULD BE MADE SIMPLE FOR FILERS AND FOR THE VIRUS AND THAT THE CODE SHOULD...
00:14:36 GUEST YES, THE IRS SPENDS AN ENORMOUS AMOUNT OF TIME JUST CORRECTING SIMPLE ERRORS. IT'S THE WRONG PERSON...
00:15:03 HOST ALABAMA, ON AIRLINE FOR DEMOCRATS. CALLER: YES, MA'AM, I LIKE TO GIVE A LITTLE ADVICE THAT MIGHT WORK...
00:16:12 GUEST THAT IS ACTUALLY AN INTERESTING OBSERVATION. CERTAINLY, A LOT OF COUNTRIES AROUND THE WORLD, SOME...
00:17:30 HOST MINNESOTA, GO AHEAD. CALLER: YOU ARE RIGHT, DOES HAVE TO COLLECT THE TAX, BUT THEY NEED TO BE IN COMPLIANCE...
00:18:17 GUEST I AM NOT GOING TO TALK ABOUT WHETHER A FORM NUMBER THAT HAS BEEN EXPIRED, AND I HAVE NO PERSONAL KNOWLEDGE...
00:19:17 HOST BY NEXT CALL COMES FROMMAUI. -- COME FROM MAUI. CALLER: I HAVE A COUPLE QUESTIONS. I WANTED TO KNOW...
00:19:42 GUEST THE SOCIAL SECURITY IS ADMINISTERED BY THE SOCIAL SECURITY ADMINISTRATION. THE IRIS IS REALLY THE...
00:20:29 HOST ROCKLAND COUNTY, NEW YORK ON OUR LINE FOR DEMOCRATS. CALLER: HELLO. YES, OK, THETARIFFS WE USED TO...
00:22:24 HOST I WILL LEAVE IT THERE.
00:22:27 GUEST LET ME GO BACKWARDS. THE SOCIAL SECURITY LAWS ARE PASSED BY CONGRESS. THOSE EXEMPTIONS, WHERE THE ...
00:23:49 HOST NEXT BUT F ISORT WORTH, TEXAS. CALLER: I BEGAN YESTERDAY AT ABOUT NOON WORKING ON MY TAXES AND ABOUT...
00:24:41 HOST THE FIRST THING IS, IF YOU MAIL YOUR TAX RETURN WITH THE PAYMENT BY MIDNIGHT APRIL 15, THEN IN GENERAL...
00:26:46 HOST WE WILL SEE YOU AGAIN TOMORROW ON THE NEXT EDITION OF "WASHINGTON JOURNAL" AT 7:00 A.M. EASTERN. [CAPTIONING...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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