The complexity of the U.S.federal income tax system results in significant annual deadweight losses.The opportunity cost of the hours taxpayers spend on record keeping and completing their tax returns amounts to billions of dollars.
a.If the tax system was simplified, how would this benefit the economy?
b.Why hasn't the tax system been simplified?

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The Answer of The complexity of the U.S.federal income tax system results in significant annual deadweight losses.The opportunity cost of the hours taxpayers spend on record keeping and completing their tax returns amounts to billions of dollars.
a.If the tax system was simplified, how would this benefit the economy?
b.Why hasn't the tax system been simplified?

The Complexity of the U