Social Sciences
8 years ago

Tax Credits Wield Outsized Influence on Comprehensive Tax Reform

SSRN Electronic Journal
Tax Credits: Their Critical Role in Comprehensive Tax Reform
Ralph B. Tower

Paper Summary

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Tax credits play a crucial role in shaping our tax system. Understanding how they work is key to successful tax reform. A study looked at federal and state income tax credits, revealing the challenges and risks involved in changing the current system.