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The truly impoverished recipient won't owe much in taxes to begin with.
by elefanten 8y ago
The truly impoverished recipient won't owe much in taxes to begin with.
- chatmasta 8y agoRight, the IRS will actually owe the resident money, i.e. a refund. Trouble is, the IRS often has access to only a subset of deductions and/or circumstantial life information, so it’s likely they would undercalculate the refund owed to an impoverished resident. The status quo is that residents must either (a) do nothing and receive a fine, or (b) file their taxes, explicitly opting in to any refund programs they qualify for. Whereas the implication of this change would necessitate the impoverished resident to either (a) do nothing and likely miss an underreported refund, or (b) file their taxes, basically, explicitly opting into any refund programs that were missed. It basically hides the penalty of not filing in savings missed. It certainly changes the calculus of the question of morality. Which case is better for the impoverished resident? It’s not a simple question.
- llukas 8y agoSo instead of spending time on researching only deduction part let's force poor people spend time to do entire process.