Let’s just dump this whole tax preparation business. It’s more than a nuisance. Here’s what the IRS says:

Taxpayers filing Form 1040 had an average burden of about 33 hours, and taxpayers filing Form 1040A and Form 1040EZ averaged about 11 hours.

If you have wage, salary, dividend, and interest income, it’s already being reported to the IRS. The IRS already calculates your taxes for you when you file. If you make a mistake, the IRS will tell you about it, won’t they?

But, you say, “But, what about exemptions, deductions, and credits that apply only to my special situation?” That’s what creates this tax preparation nightmare and industry. So, let’s get rid of the entire tax code on the common sources of income . . . except one. Let’s give each man and each woman one single exemption of about $25,000 per year. Each person filing gets that one exemption. For example, a working married couple now filing jointly would file singly for a total exemption of FIFTY THOUSAND dollars. Regardless of the details, the IRS would already have all the information needed.

At worst, the IRS computer would take about a half-second to make the calculation. You could figure it with paper and pencil in about 10 minutes, not 33 hours.

But, you say, “But, what about landlords, farmers, and small business people?” True, the IRS does not have data about their income and legitimate business expenses, so those folks would have to file a supplemental form. But that’s a small group, relatively speaking. The great majority of us could get out from under the burden of tax preparation.

In America’s Declaration of Independence, Thomas Jefferson listed the many complaints against the King of England and the English Parliament. Referring to King George III, Jefferson wrote:

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance.

You can read more at the reference link below.

Click here to contact your representatives in Washington, D.C.:
Our Elected Officials.
Tell them what Tom Jefferson had to say to the King of England.

– Byron

References:

“Fair Deal,” The Hundred Network.

Thomas Jefferson’s Complaint.