Mr. Obvious: Tax Code Too Complex, Business Owners Say

Small business owners believe the major problem with the U.S. tax code is its complexity, says a new survey by the National Small Business Association.

One in four small business owners spend 120 hours or more per year on the administration of federal taxes.

According to the survey, the overwhelming majority of small-business owners support broad reform of the federal tax code–corporate and individual tax reform–in conjunction with a reduction in business and individual deductions.