New Efficiency Department Suggests Simpler Tax Code; H&R Block, Intuit Stock Fall

Americans are estimated to lose $546 billion annually because of complicated federal tax compliance rules.

A sign outside the IRS building in Washington on May 4, 2021. Patrick Semansky/AP Photo

The new, nongovernment Department of Government Efficiency (DOGE) led by Elon Musk and Vivek Ramaswamy has turned its attention toward simplifying the U.S. tax code.

“In 1955, there were less than 1.5 million words in the U.S. Tax Code,” the department stated in a recent post on social media platform X.