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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

#9

(01-30-2019, 12:31 PM)mikesez Wrote:
(01-29-2019, 05:34 PM)TJBender Wrote: The sheer number of very simple ways to eliminate the IRS is amazing. Unfortunately, TurboTax pays very good money to make sure those ideas never make it to committee.

We'll have something like the IRS for as long as the government collects taxes.
But we could have most people's income tax computed automatically.  The idea that we have to fill out a form, that the IRS then checks, is a big waste. 
The IRS could computer-generate a report showing what we owe/ what refund we should get, and give us a period to look it over and dispute it in case it's wrong.
That way, maybe only 1 in 10 of us even has to think about taxes, rather than all of us.

I agree that people with simple taxes that consist of 1 or 2 W-2's would be pretty easy to automate, but things get a lot more complicated when dealing with stocks and real estate. Paul Ryan's "do your taxes on a post card" seemed to be on the right track, but that kind of disappeared like a fart in the wind.
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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by StroudCrowd1 - 01-30-2019, 12:40 PM



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