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Even a lot of the more complex things could be automated. For example, the only slightly complex thing about my taxes are capital gains and interest. It would
by opportune 7y ago
Even a lot of the more complex things could be automated.
For example, the only slightly complex thing about my taxes are capital gains and interest. It would not be hard to have my brokerages/banks coordinate with the IRS to autopay my taxes on that as well, just like my income taxes are auto paid.
- briandear 7y agoDoes the government automatically know what you spent in business expenses? Or what charitable donations you made? Or what property you may have lost during the year?
- opportune 7y agoI’m not saying those are easy to automate, or that everything can be automated, I’m saying a lot of things are able to be automated. Not only capital gains and interests, I suppose mortgage interest deduction would also be easy.
- zacharycohn 7y agoThat's a great example of something most Americans don't have to worry about. They could take advantage of autofile and you wouldn't. Simple as that.