Tax Deductions for Individuals are Unfair and Complex
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Tax deductions for individuals are an important part of federal income taxes and most states' income taxes. In a previous post, I outlined four desiderata for a reformed tax system: responsive, fair, simple and transparent, and enforceable. In this post, I aim to convince you that tax deductions for individuals are neither fair nor simple and transparent. (Important: tax deductions for businesses are different and not discussed in this post.)
Tax Deductions for Individuals are Unfair and Complex
Tax Deductions for Individuals are Unfair and…
Tax Deductions for Individuals are Unfair and Complex
Tax deductions for individuals are an important part of federal income taxes and most states' income taxes. In a previous post, I outlined four desiderata for a reformed tax system: responsive, fair, simple and transparent, and enforceable. In this post, I aim to convince you that tax deductions for individuals are neither fair nor simple and transparent. (Important: tax deductions for businesses are different and not discussed in this post.)