3 ms·
Better idea: the U.S. could adopt the income tax practices of most other countries, where the revenue service tells you what you owe, instead of making you gues
by sgarland 1y ago
Better idea: the U.S. could adopt the income tax practices of most other countries, where the revenue service tells you what you owe, instead of making you guess. No need for A.I. or Intuit.
- komali2 1y agoThat doesn't arbitrarily increase GDP through revenue-through-friction, though.
- devoutsalsa 1y agoThey will tell you how much you owe, but only if you file incorrectly :P For Americans, if you didn't know, you can check your IRS transcripts at https://www.irs.gov/ https://www.irs.gov/ to see exactly how much the IRS thinks you've earned.
- jevogel 1y agoThank you, I didn't know about this and it's great information to have for reference!
- Imustaskforhelp 1y agoFwiw iirc Intuit has to offer a free version of their tool with the same capabilties but it is so hidden from everybody behind so much stuff that its hard for people to reach there. Honestly, yes there shouldn't really even be a discussion about this. US should definitely do it. I think US and India are the only two major countries still stuck on something like this and I am not sure if there are really any advantages of it.