Editorial Board

Code Red

The earned income tax credit works. Let's not ruin it.

It's complicated.

Photograph: Bloomberg

"Simplify, simplify," urged Thoreau. No friend of taxation, he might have been envisioning the modern Internal Revenue Code. At roughly 3.7 million words, it's getting more complex by the day -- and a few companies would like to make it even worse.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.