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Wednesday, September 23, 2015

Challenges of base broadening

The Senate Finance Committee's Working Group Tax Reform Report on Individuals, released in July, notes the largest tax expenditures in the individual tax system. It doesn't offer any suggestions for reducing them- something that would be needed to reduce tax rates.  It does discuss some inter proposals but overall they are ones that will lose revenues!

I've got more on this report and others in a 9/15 AICPA Tax Insider article, Tax Reform: Challenges of Broadening the tax base.

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