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The individual tax return in the US is very simple for 90% of people
by drstewart 5y ago
The individual tax return in the US is very simple for 90% of people
- mellavora 5y agoI'm not sure about that 90% figure, seems a little high. 25 million people receive the earned income tax credit (i.e. they are poor), and are at high risk of audit https://www.propublica.org/article/irs-now-audits-poor-americans-at-about-the-same-rate-as-the-top-1-percent https://www.propublica.org/article/irs-now-audits-poor-ameri... 9 million are expats, for whom US tax filing is a special type of hell 15 million are self-employed, which means lots of extra filing https://www.bls.gov/spotlight/2016/self-employment-in-the-united-states/home.htm https://www.bls.gov/spotlight/2016/self-employment-in-the-un... putting us at circa 50M out of circa 167M returns filed https://www.irs.gov/newsroom/filing-season-statistics-for-week-ending-october-22-2021 https://www.irs.gov/newsroom/filing-season-statistics-for-we... means US tax returns are rather complicated for 30% of people before we start to consider high-income earners.
- kube-system 5y agoI just went to look up how many people file the 1040EZ, and realized that it doesn't even exist anymore. Today I learned.
- desas 5y agoOnly something like 15-20% of Brits actually have to do a tax return in the first place. I did mine for the first time this year, and it was surprisingly easy.