Wednesday, March 27, 2013

How the Maker of TurboTax Fought Free, Simple Tax Filing

How the Maker of TurboTax Fought Free, Simple Tax Filing - ProPublica:
"Imagine filing your income taxes in five minutes — and for free.
You'd open up a pre-filled return, see what the government thinks you owe, make any needed changes and be done.
The miserable annual IRS shuffle, gone.
It's already a reality in Denmark, Sweden and Spain.
The government-prepared return would estimate your taxes using information your employer and bank already send it.
Advocates say tens of millions of taxpayers could use such a system each year, saving them a collective $2 billion and 225 million hours in prep costs and time, according to one estimate."

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