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Daniel Johnson

Beat The Clock: Libertarian Thinktank Tries To Read Entire IRS Code On Tax Day

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Analysts from the Tax Revolution Institute (TRI), a Washington D.C.-based libertarian thinktank, are attempting to read the entire federal tax code outside the Internal Revenue Service (IRS) building. They will read for 14 straight hours today through the convoluted minutia of the documents, hoping to finish reading it in its entirety when the day is concluded. They are calling their display the “Tax Day Reading of Our Glorious Tax Code” and it is already underway. The livestream of this demonstration can be found here. “Complying with the tax code costs the United States a cool trillion dollars per year. That’s the entire GDP of Mexico,” TRI Communications Director Robin Koerner said in a Liberty Beacon op/ed. In the fiscal year 2016, the federal government confiscated an incredible $3.27 trillion from taxpayers, which set a new record. Income taxes contributed a staggering $1.55 trillion to that total, nearly half of the revenue collected. This still wasn’t enough to cover the operating costs of the federal government, as they still ran…

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