"The IRS knows how much you made and how much you owe. They make you guess these numbers based upon a lot of paper that may or may not be accurate or presented to you before a deadline. You go to prison if you guess wrong."
also:
"I'm not letting them fill out anything for me!"
The problem is the tax code being so overly complex that if you have anything more than a single income you start getting buried by paperwork, and if you have any kind of investments they all get reported differently for more paperwork, and if you have any crypto transactions you can wind up with a hundred pages for a one cent loss.
Fix that, and that will take care of 90% of the problem.
Fix that, and that will take care of 90% of the problem.
One of the comments posted in the linked article was this:
Since you guys will never abolish the IRS or acknowledge the amendment wasn’t properly ratified, how about we ditch the tax code for 1 page that says “flat 10% tax, no exemptions or credits” there, simple.
— Kal () February 13, 2024
That assumes three things. 1. That the feds want to simplify things 2. That they care about fixing the system, and 3. That they don't waste every single penny of personal income tax they collect
- They don't.
- They don't.
- They do.
That's why it will never be fixed.
- They don't.
- They don't.
- They do.
That's why it will never be fixed.
You said it. bird.
(post is archived)