Tax reform: Chasing the elusive dream

Attiat Ott and Sheila Vegari

Atlantic Economic Journal, 2003, vol. 31, issue 3, 266-282

Abstract: The paper provides a bird's-eye view of the long and arduous task of reforming the federal individual income tax. As a starting point for reviewing the major reforms, the authors evaluate Secretary Simon's criteria that underlie his contention that the “tax system was badly in need of a thorough overhaul.” Principles that should guide tax reforms are spelled out. Conflicts that arise with the application of these principles are highlighted. An examination of reform efforts in light of the principles and criteria set in the Treasury Department's Blue Prints for Tax Reform forms the basis for evaluating reforms enacted over the period 1978–2001. The review suggests that we are partway towards achieving the tax man's dream of equity, efficiency, and simplicity. “The task of comprehensive reform is monumental in its dimension and far reaching in itspotential impact on our economic well-being.” [William E. Simon, 1977, p. 11] Copyright International Atlantic Economic Society 2003

Date: 2003
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DOI: 10.1007/BF02298820

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