Tax code complexity grows despite recent reforms
Congress passed reforms to simplify the tax code, but complexity has increased over decades. New rules and targeted tax changes may add to confusion.
Taxpayers may face higher complexity when filing returns and managing deductions.
Recent reforms
Congress passed some simplifying reforms in recent years, but the tax code has grown more complex over the past few decades.
Future complexity
New carveouts, savings vehicles, and targeted tax increases would complicate the tax code further.
Common questions
Will the tax code become easier to understand in the future?
New rules and targeted tax changes may make the tax code more complex rather than simpler.
What are the main factors increasing tax code complexity?
Carveouts, savings vehicles, and targeted tax increases are contributing to increased complexity.
Sources
- Top Five Options Guide Reforms to Simplify the Tax Code By Andrew Lautz, Tax Foundation · taxfoundation.org
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