top | item 46406991

(no title)

Tax avoidance for most W2 workers is basically impossible without committing blatant fraud.

Tax avoidance for the 1% has many more loopholes to exploit (depreciation, etc).

Simplify the tax code!

discuss

billy99k|2 months ago

When anyone asks for a 'simplified' tax code, it's going to mean little or no deductions for mostly everyone. Is this really what you want?

I also really don't know know how much easier you want them. If you have one W2 for one job, your taxes can be done in an hour on a Saturday.

condensedcrab|2 months ago

More so that the 1% have fewer loopholes, not the other way around.

Regular folks filing taxes don’t have particularly difficult returns, but if the government already knows what you owe/get back, why waste everyone’s time? Obviously deductions exist for a reason, but standard deduction folks shouldn’t have to file to confirm that their number matches what the IRS already calculated.