2 ms·
pre-filled forms will probably help a largeish proportion of americans who have dead-simple taxes. once you start doing absolutely anything else (having a side
by philsnow 10y ago
pre-filled forms will probably help a largeish proportion of americans who have dead-simple taxes.
once you start doing absolutely anything else (having a side job, renting out property, participating in the stock market, having income in multiple states, etc etc etc), you're in the byzantine territory of income/deductions/credits/AMT where nearly every line on every form involves reading the instructions for that line (and yes, nearly every line has its own instructions) and reflecting on your life to decide whether you think that purchase qualifies as a deduction, or what percent of your car's annual depreciation you can allocate as a business expense, or whether you need to declare your 2014 California refund as income on your 2015 Oregon taxes. Money ping-pongs around, getting taxed coming and going (you pay tax on your salary and tax again when you use that money to pay for gasoline (and a very few of these taxes are multiplicative instead of additive, so you can in fact pay tax _on the tax you're paying to buy gas_)).
I'm really not doing justice to the intricacies of the tax system. I would really enjoy reading a James Mickens tribute to it.
Pre-filled forms aren't going to help navigate the insanity, unless the governments (federal and all the states) have access to data about every transaction, every penny that flows through your household.
- emodendroket 10y agoOk, but the vast majority of American households never have to worry about any of that.
- gerbal 10y agoMost Americans have fairly simple single income taxes. Also all banks and investment services have to report your assets and income to the IRS. If your taxes are complicated enough to need an actual accountant (not a tax preparer) you'd still need an accountant. But the tax preparers that fill out forms for simple W2s and a couple 1099 forms would be out of business.