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Old 09-06-2024, 01:10 PM   #7211
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Quote:
Originally Posted by mikemhg View Post
https://abcnews.go.com/Business/wire...alth-113457963

Ya, don't fund the IRS, right Hehe? $1.3 billion from literally the lowest hanging fruit, high earners who didn't even file/pay taxes.
No, I'm not saying to defund the IRS/CRA, I'm saying that they can surely set aside 1-2B to design a software that caters 99% of the population where everything is automated based on fillings from employers, banks and whatever given how most of transactions nowadays are digitalized. Any new tax law/rules just get added/substracted within the system.

TW and UK do this. And 99% of their population/companies just file taxes this way. This would then leave 10B+ in their budget to go after the ultra-rich who has more complicated taxes.

From what I hear and had personal experience with, most tax auditing and problem arise from filling mistakes. A single system would actually eliminate that when it just assumes the correct way to file. If you agree that those are correct, then it's done. If you think the system made any mistake, submit your evidences and someone can quickly look over it.

A system where it's correct 99% of the time vs. a system that tries to find mistakes through the millions of fillings... the error rate can be drastically minimized and reduce the cost of citizen on the former.
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