FAQ

How Complicated Tax Law Affects Poor?

The complications of the tax law can be difficult to navigate, and this can present a challenge for low-income individuals who may not have the time or resources to seek out professional help. Additionally, certain deductions and credits that are available to higher-income taxpayers may not be available to those who earn less money. This can lead to those in lower income brackets paying a higher percentage of their income in taxes.

One way that the tax code can be simplified is by ensuring that all taxpayers have access to the same basic benefits, regardless of their income level. This could be done by increasing the standard deduction or expanding eligibility for credits like the Earned Income Tax Credit (EITC). Doing so would help reduce the complexity of the tax

Leave a Reply

Your email address will not be published.