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For the 95% of people who get all their income from W2/1099 compensation, bank accounts, and brokerage accounts and who either take the standard deduction or wh
by DebtDeflation 1y ago
For the 95% of people who get all their income from W2/1099 compensation, bank accounts, and brokerage accounts and who either take the standard deduction or whose only itemised deductions are dependents, mortgage interest, and SALT, there's really no need for filing tax returns at all. But the tax accounting and tax software industries lobby to prevent it.