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Is the OBBBA a Step Back for Tax Simplicity?

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Manage episode 508062218 series 2795321
Content provided by Tax Foundation. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tax Foundation or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of The Deduction, host Kyle Hulehan discusses the complexities of the US tax system with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. They delve into the staggering 7.1 billion hours Americans spend on tax compliance every year, and explore the impact of the One Big Beautiful Bill Act on simplifying and complicating the tax code. Key topics include the permanence of the Tax Cuts and Jobs Act provisions, the introduction of new deductions, and the challenges and missed opportunities for structural tax reform. They also discuss the significant costs associated with tax compliance and suggest potential reforms for the future. Join us for an insightful conversation on the intricacies of the US tax system and the path ahead.

Links:

https://taxfoundation.org/research/all/federal/obbba-income-tax-complexity-tax-breaks/

https://taxfoundation.org/research/all/federal/one-big-beautiful-bill-act-tax-changes/

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Follow us!
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https://twitter.com/deductionpod
Support the show

  continue reading

115 episodes

Artwork
iconShare
 
Manage episode 508062218 series 2795321
Content provided by Tax Foundation. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tax Foundation or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of The Deduction, host Kyle Hulehan discusses the complexities of the US tax system with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. They delve into the staggering 7.1 billion hours Americans spend on tax compliance every year, and explore the impact of the One Big Beautiful Bill Act on simplifying and complicating the tax code. Key topics include the permanence of the Tax Cuts and Jobs Act provisions, the introduction of new deductions, and the challenges and missed opportunities for structural tax reform. They also discuss the significant costs associated with tax compliance and suggest potential reforms for the future. Join us for an insightful conversation on the intricacies of the US tax system and the path ahead.

Links:

https://taxfoundation.org/research/all/federal/obbba-income-tax-complexity-tax-breaks/

https://taxfoundation.org/research/all/federal/one-big-beautiful-bill-act-tax-changes/

Support the show

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show

  continue reading

115 episodes

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