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Saturday, March 22, 2014

Proposal: simplify income taxes

Part of our SPARE TIME gets taken away doing things like filing income tax returns.

Instead of the cumbersome process of tax filing in place, it would be so much more efficient if everything was reduced to the equivalent of the 1040-EZ form, which takes only a few minutes to breeze through.

Simply, what was the income? Then look up the tax from the table.

If it was that easy, most citizens could handle filing their own returns, either electronically or on paper.

This would, of course, wipe out the entire tax preparation industry, but look how much it would save the government itself. Instead of trying to enforce all the obscure details, the IRS could simply look at the bottom lines.

So many fewer forms to deal with. So many fewer opportunities for cheating or errors. So many fewer problems.

How much did you make? Send most of it in.

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