Quote:
Originally Posted by saden1
I don't mind paying my taxes...even with all my deductions it doesn't take me more than 1 hour to e-file. Seriously, half of my form is auto filled from the previous year. Last year I forgot to report some stocks I sold, IRS send me a letter telling me their is discrepancy and to send them a new Schedule D...I did, and a month later they sent me $100 check back.
I don't understand all the hate, it really is easy.
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Its "easy" if you hire a program or an accountant to do most of the work for you. Did your custodian provide you with all the information on the stocks you sold to claim your loss in a nice yearend tax form, or did you have go through account statements to retrieve all the information. Again if you hire someone to do it for your (your custodian) its easy. If you dont its difficult. If you want to try to understand whats going on its extremely difficulty. Tax accountants dont fall into high tax brackets because their jobs are easy.
Its not fair to have a code so complex that we are forced to buy turbo tax or hire a accountant.
Heres a good artical:
George F. Will commentary: GOP has good ideas; just ask Paul Ryan | Columbus Dispatch Politics
"Today's tax system was shaped by sadists who were trying to be nice: Every wrinkle in the code was put there to benefit this or that interest. Since the 1986 tax simplification, the code has been recomplicated more than 14,000 times -- more than once a day."