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The IRS tax code is quite possibly the worst example to use, if you are trying to point to well written regulation. Almost 74,000 pages of tax code. [1]

Though I agree that investment banking advice would be irrelevant here.

[1] http://finance.townhall.com/columnists/politicalcalculations...

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I think it's very apropos -- I never claimed it was good.

The point is that the tax authorities, despite not practicing in any of a thousand different business practices is somehow able to effective police tax collection. The notion that banking is somehow so magically complex that government employees can't figure it out is ridiculous.

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