Faricy explains popularity of US's complex tax code in Fortune
May 26, 2021
Tax experts and economists have long thought the U.S. tax code is inefficient, inequitable and full of opportunities for evasion. Christopher Faricy, associate professor of political science, argues that, despite the complaints, Americans want it that way. "The tax code is so complicated because it is filled with myriad deductions and exclusions that Americans can take for engaging in certain activities, such as buying a home, saving for retirement and paying down student loan debt," writes Faricy and co-author Christopher Ellis. "Rather than spending money directly by subsidizing or providing these things, the government instead places incentives in the tax code for individuals to engage in these activities in private markets." Read more about why these incentives are so popular in the article, "America’s messy tax code is actually quite popular," published in Fortune.
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