Comments and feedback

Topic one

I think you did a great job on elaborating on the topic of individual tax income. The government gains revenue mainly from taxation. However, it surprises me how the tax credits and deductions are provided to the taxpayers by the IRA for transparency. However, still, most taxpayers fail to understand the system. Tax reforms, as mentioned, play a critical role in enhancing the tax administration's effectiveness by maximizing social and economic benefits. However, most individuals do not understand the highly fluctuating system of individual tax income (Saez & Zucman, 2019). Although tax revenue aids in improving national security, reducing poverty levels, distribution of income, and stabilizing the economy, I think it should be made transparent and straightforward for the taxpayers to understand (Saez & Zucman, 2019). I could also recommend the tax system be standardized to avoid discouraging people from working due to fear of increased tax levels.