What Does Your Author Mean When He Says That There

question 1

Essay

What does your author mean when he says that there is a tradeoff between simplicity and completeness?

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Definitions:

Digressive

Relating to or denoting a method that reduces in pace or intensity over time or steps, often used in taxation to describe tax rates that increase less proportionally with the amount subject to tax.

Regressive

Pertaining to a tax system where the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.

Federal Revenue

The income received by the federal government from various sources like taxes, fees, and investments.

Personal Income

The total amount of income received by an individual from all sources before any taxes or deductions.