They are not going to streamline the US tax system. They have been talking about this for 40 years. To many vested interests are stakeholders and profit off the burdensome accounting requirements.
The wrote on a single sheet of paper a line for how much you earned, a line for how much you spent, a line of what you had left over and another line that says send it in?
I used to do my own taxes until I retired.
Being retired makes taxes more complex and I now do do [can I say wrt taxes?] estimated taxes [they are NOT quarterly] by myself, but let a pro do the return.
Now that one has to do an AMT adjudication and we have the 0bama NIIT add-on lurking around, there are more forms to file compared to “the good old days.
Gee! Reads like an “advertisement “ for Biden’s IRS, doesn’t it? Just coming up coincidentally in the spring of an election year.
But certainly “not” any sort of campaign assistance from the New Republic to Obama-Bidens campaign at all. Nothing that would a lawfare arrest and trial in New York.
“I worked diligently, and as accurately as possible.”
wise. I do the same as I don’t have the time to deal with IRS audits if I can avoid it. It usually takes me big chunks of two days to get it done.
They take 15-18% and nobody does anything. No forms, no exemptions/exceptions. Butt, then they would have to lay off thousands of armed agents. Can’t have that now. We filed ourselves for the first time in years. If we’re wrong, they’ll let us know. 🤔👍
Funny thing, not really funny at all, is that the top 1% starts at only $150,000 a year gross. After deductions even those making that much, a small amount really, don't pay a hell of a lot of taxes anyway. Those who make less pay hardly any taxes at all.
This was made very clear to me by my 2nd Lt son when obama raised taxes on those making $250k or more at the time and I was screaming bloody murder swearing I would limit my income. He was totally unconcerned and I demanded to know why! "It does not affect me and does not matter to me." he said. At that point I realized two things. One was that I had failed as a father to raise a very smart or wise son. I am relieved to say that he finally grew out his insanity between 30 and 40. Like bankruptcy, slowly at first then suddenly. He will really become aware when he gets out of the AF and works for an airline about 5 years. I should live so long to see that.
My CPA's secretary owes $32.00 in state taxes this year. Most people don't pay much in the way of taxes and could simply care less about how other people's money is spent so long as they get a piece of it. We have come full circle. de Tocqueville was right. We have reached the point of failure of our once great republic become a rabble and democracy with a populace that can favor itself with self-appropriation from the treasury.
Doesn't take hours to figure out .001%.