The recent tax debate/tax reform/tax cut/new tax law had a little bit of everything. Simplification for some. Complexity (especially for international and small businesses) for others. Winners and losers. Tax decreases and tax increases.
One thing no one seems to discuss is how their individual tax return due in April 2019 is going to get prepared, given the new and, in some cases, more complex laws. Why, everyone knows—TurboTax! TaxCut! Some kind of tax preparation software for personal or commercial use!
Unfortunately, the disconnect between taxpayers and the tax computations they face is generally perceived as bad tax policy. A taxpayer should know what his marginal tax rate is (Goolsbee 2004), as well as have an ability to understand their part of the general civic duty of paying taxes (Zelenak 2007, 2012).
But in a much-unanticipated outcome in the history of accounting, no one seems...
