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Many in this thread seem to be glazing over one important detail. This system would be opt-in. Don't trust the IRS? Have a lot of complicated deductions? Hire a
by paulyg 14y ago
Many in this thread seem to be glazing over one important detail. This system would be opt-in. Don't trust the IRS? Have a lot of complicated deductions? Hire a CPA or use Turbo Tax or fill out the paper yourself. Approx 13% of filers used a 1040ez last year. This system is perfect for them. I would venture a guess that 1/2 of 1040a filers could also use it. Again though it is your (hopefully informed) choice to do so.
- pc86 14y agoThis is the biggest thing. There is literally no reason to do this if it's opt-in.
- ams6110 14y agoBeing more cynical... deducting taxes from your paycheck before you even get the money is already (by design) lowering awareness of how much we are taxed. Imagine if we had to write a check to the IRS every month like we pay our utility bills... Making your tax return a "click here" effort while on the one hand appealing has the disadvantage of further reducing your awareness of how much you are taxed. This is why I do my taxes by hand, with pen and paper. I want to read the instructions and fill out the forms so I never lose awareness of how insane the system is.
- paulyg 14y agoThe only two monthly expenses I still write a check for is the water and sewer. That does not stop me from realizing how expensive my mortgage, electric, etc is. Trying to save people from their own stupidity or ignorance by making them fill out menial former is not the answer.