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The $536 Billion Price Tag of US Tax Complexity
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Subscribe28 AUG 2025 / ECONOMY
The One Big Beautiful Bill Act (OBBBA) has not significantly simplified the US tax system as promised, with compliance anticipated to cost the economy $536 billion in 2025. Despite technological advances and rising use of e-file tax systems, the tax code continues to become more complex due to evolving rules and exceptions, ultimately causing difficulties and expensive compliance burdens for individuals, businesses and the Internal Revenue Service.
Tax season. That time of year when even the best of us would rather be on a beach somewhere than sifting through receipts and forms. And while the "One Big Beautiful Bill Act" (OBBBA) promised sweeping changes to simplify our tax code, the reality is more...
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