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And the government is unaware of those or? Where I live the banks reports stuff such as mortage interest payment, capital gains etc, it's time for taxes it's a
by tuwtuwtuwtuw 3y ago
And the government is unaware of those or? Where I live the banks reports stuff such as mortage interest payment, capital gains etc, it's time for taxes it's all filled out already and I click OK or text the tax authority to confirm.
- wildrhythms 3y agoThe policymakers in U.S. government have been bribed for decades by the likes of Intuit and H&R Block to not simplify the tax filing system. https://www.propublica.org/article/inside-turbotax-20-year-fight-to-stop-americans-from-filing-their-taxes-for-free https://www.propublica.org/article/inside-turbotax-20-year-f...
- glimshe 3y agoIt could absolutely be done as you describe for most people. Most will need around 1-2 hours of tedious work per year versus 1-2 minutes as it should be. All I'm saying is that the current system isn't that difficult for most scenarios, simply annoying busy work and form filling that should be done automatically by the government. When people talk about the US system, it sounds like most people would need a tax professional for doing taxes when that's not really the case.