How to get back 3 billion hours of productivity in America

January 26th, 2011 by Gallagher John 4 Comments

“The standard 1040 form now comes with an instruction booklet that is 172 pages long. Each year, Americans spend 6.1 billion hours preparing their taxes. That is the equivalent of 3 million people working full time. By simplifying the code, we can free people to work on more productive pursuits — growing the economy, generating income and helping to close the deficit”  – USA Today 1/26/11

If we apply Lean principles and cut out half the waste (definitely achievable), we would cut 3 billion hours of waste out of Americans’ time, giving us more time to spend with families, and be more productive on value-added activities.

How many hours do YOU spend preparing your taxes?

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  • Stan Buck

    Brilliant!

    Clearly you are a well qualified business consultant … though this kind of clear insight might disqualify you from your promising political career!

  • Me personally… zero. I LOVE my husband! ;o) Not sure how many hours he spends – we use turbo tax, so it’s pretty straight forward… and we don’t have any complicated additions (no independent contracting or self employment – no major investments that have capital gains, etc.)…

    6.1 BILLION hours seems crazy!

  • You are so right, Stan. Probably why I have NOT pursued this opportunity thus far!