THE COMPLEXITY OF THE US TAX CODE

THE COMPLEXITY OF THE US TAX CODE

Abstract:

The United States tax code has long been recognized as one of the most intricate and convoluted systems in the world, imposing significant compliance burdens on individuals, businesses, and tax professionals alike. This research abstract provides an overview of a comprehensive analysis aimed at understanding and dissecting the multifaceted nature of the US tax code.

This study employs a multidisciplinary approach, combining legal, economic, and sociopolitical perspectives to delve into the complexities of the US tax system. By examining historical developments, legislative changes, and their implications, the research aims to shed light on the underlying factors contributing to the code’s labyrinthine structure.

The research also investigates the consequences of tax code complexity on various stakeholders, including taxpayers, tax preparers, and government agencies. It explores the economic costs associated with compliance, the potential for tax evasion and avoidance, and the administrative challenges faced by the Internal Revenue Service (IRS) in implementing and enforcing the code.

Furthermore, the study examines the role of special interest groups, lobbying efforts, and political considerations in shaping tax policy, potentially leading to added intricacies. It also assesses the impact of international tax treaties, globalization, and digitalization on the complexity of the US tax code in an interconnected world.

To analyze the practical implications of tax code complexity, this research employs quantitative methods, such as tax return data analysis and surveys of taxpayers and tax professionals. Qualitative methods, including interviews with tax experts and legal scholars, provide deeper insights into the underlying causes and potential solutions to this complexity.

The findings of this research abstract will contribute to a better understanding of the US tax code’s intricacies, the challenges it presents to taxpayers and the government, and the potential avenues for reform. By unraveling the web of complexity surrounding the US tax code, this study seeks to inform policy discussions, promote transparency, and encourage measures aimed at simplifying and improving the efficiency of the tax system. Ultimately, it strives to pave the way for a fairer, more accessible, and more equitable tax regime in the United States.

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