Need for computers to file income taxes
Posted Mar 20, 2010 23:10 UTC (Sat) by giraffedata
In reply to: OpenTaxSolver solves taxes, openly
Parent article: OpenTaxSolver solves taxes, openly
In the US, only a few individuals have to file anything so complex that a computer would help. Most individuals have income only from wages and simple investments and any adjustments to that income that they may be entitled to fall below a threshold. Such a person could fill out the one-page form quicker than he could make the computer print it. He doesn't even have to do any arithmetic.
It's still embarassing for the country, though, because for such a person, the government already has all the information on the form and already has all the money, so really the government should send the form to the taxpayer instead of the other way around.
I think about 10% of the population has finances complex enough to require more sophisticated filing, and for them, computer assistance is extremely helpful. For example, someone who sells something for more than he paid for it (income tax is due on the profit) or runs a business or has high medical expenses (income tax is not due on income used for that).
to post comments)