WHAT COULD GO WRONG? Elizabeth Warren WANTS THE IRS TO DO YOUR TAXES
The IRS has been so honest in its dealings with the American people over the last several years that Elizabeth Warren thinks you should trust them to do your taxes for you.
From Legal Insurrection:
Should the Tea Party activists and others who have been harassed by the IRS for political reasons in recent years be expected to trust the agency with preparing their returns? Isn’t it bad enough that the IRS can use its power of audit?
Elizabeth Warren thinks the IRS should fill out your tax returns
With Monday’s tax filing deadline looming over many Americans’ weekends, Sen. Elizabeth Warren’s new bill may seem like a godsend.
The Massachusetts Democrat introduced legislation Wednesday that would allow U.S. taxpayers to have the government do their taxes for them—for free.
The conveniently timed “Tax Simplification Act of 2016” would direct the IRS to develop a free, online tax preparation and filing service, using tax information the IRS already has, which Americans could choose to use to have their taxes filed directly with the government, instead of using a third-party service, such as TurboTax.
“This year, taxpayers will spend an average of 13 hours preparing and filing their returns, and will pay $200 for tax preparation services – a cost equal to almost 10 percent of the average federal tax refund,” Warren said in a statement.
Since the IRS already gets individual wage statements (W2) from employers and 70 percent of taxpayers do not itemize deductions, according to Tax Policy Center, return-free filing could completely eliminate the requirement to file a tax return for 8 million to 60 million households, and make the process a lot simpler for others.
Only a progressive could say this is a good idea and keep a straight face.