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Our tax system covers a lot more types of 'income' than most other countries. The USA taxes you on all earning worldwide, but they don't see anything out side o
by Projectiboga 3y ago
Our tax system covers a lot more types of 'income' than most other countries. The USA taxes you on all earning worldwide, but they don't see anything out side of the US. Now since 1993 you are supposed to declare any foreign bank accounts too. And there are many still cash based businesses that they can't easily estimate your earnings for. It is crappy, and it is also part of lobbying to keep in complex. Both accountants, lawyers and for the lower classes the tax preparation companies all want complexity.
- kelnos 3y agoThat kinda doesn't matter. Those things account for a single-digit (at most) percent of all taxpayers. People with complicated tax situations will have to do more work to pay taxes. But well over 50% of US taxpayers could make use of a simpler, IRS-provided system wherein they just get sent a bill and can choose to pay or contest.
- sys_64738 3y agoThis doesn't impact most people in the USA. A simple system offered for free by the IRS is good enough for 99% of folks. If you have a complex situation then that's your problem to pay for. Not mine.