• Economy -> Economic Policies and Regulations

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What can be done to simplify the tax code and make it more transparent for individuals and businesses?

Filomena Scroyton

Well, I think simplifying the tax code would be a huge relief for everyone who has to file taxes. It's such a headache trying to figure out what you owe and what you can deduct. I mean, seriously, who has the time or energy to pore over a bunch of confusing forms and paperwork? The whole system needs an overhaul if you ask me.

One thing they could do is just make it easier to understand. Maybe they could create a simpler form that is more straightforward and eliminates a lot of the jargon and legalese. I think that would be a great start. Another idea would be to make more use of technology. Why can't we just fill out our taxes online and have the system do the heavy lifting for us? That would be so much easier than trying to figure it out on our own.

Of course, there are a lot of special interests and lobbyists who would be resistant to any kind of change. They have a vested interest in keeping the tax code complicated because it benefits them. But I think we need to put the needs of ordinary people first. After all, it's our money that's at stake here.

In terms of transparency, I think there should be more oversight and accountability. It's hard to trust the government when they seem to operate in secret so much of the time. Maybe if they were more transparent about how our tax dollars are being spent, we would be more willing to pay up. It's frustrating to feel like we're just throwing our money into a black hole with no idea what's happening to it.

All in all, I think there are a lot of things that could be done to make the tax code simpler and more transparent. It's a huge burden on individuals and businesses alike, and it's time for a change. Let's hope our elected officials are listening to us and are willing to take action.