yeah i think this one speaks for itself


hah phone typos

This post was edited by iWorshiptheBlahaj on Feb 22 2022 11:36am

[x] Tax should be abolished.

[x] In the face of that not happening, I'm all for eliminating reconciliation of my annual tax burden. I look forward to changing my exemptions to 9.

Tax should not be abolished, but there should be much more say on what taxes are used for by the people who pay tax then there is.
Refunds are an indication there's a problem with the system of tax suggesting it needs a significant reworking. Until such has happened it is better than the alternative, however slightly.

taxes are theft

I would like a flat tax. Pay for gov't services, that makes sense but remove the IRS BS.

A tax return for the average person is just simply a check to ensure you paid the correct amount of tax, nothing more. Your employer remits on your behalf and all a tax return does is say you made X income, and you should be taxed X after these deductions and to date you have paid X tax in by December 31. After that here are X credits you may be eligible for, and you end up with a refund or amount owing.

Why would the government be able to keep your tax money if say your employer remitted at a incorrect % or the % of tax being remitted was based off a salary that you were earning at the begging of the year but stopped working mid-year and suddenly your average effective tax rate is much lower than the one you were paying when earning income.

We also use annual tax filings for a significant amount of other things such as social security, housing, etc. In social housing for instance, the rent is based on prior years taxable income.

In short, no, annual tax returns should not be eliminated. Can CRA or IRS automate most returns for the average individual at this point, yes. Most tax returns at this point for an average working class individual at this point can just be autopopulated via free tax software like Turbo tax even after you link your CRA or IRS account to it. What they don't do though is complete the deductions and credits section if you have specific items, perhaps based on where you live for instance. An example being Canada's northern zones. You get a daily living amount for living in one. That could be pulled based on address but if you live with your spouse you both give one and often you can tax plan and shove 2x the daily living deduction the spouse with the higher income for a large refund. Stuff like that. RRSP planning is another one. But if you're just some person earning regular employment income living in Vancouver or Toronto 95% of your return could be automated.

More and more Canadians , cant speak for Americans, are just using free tax software that easily meets their needs. Young people are digitally acclimated and it those that previously would have never touched one because of the confusion when doing it on paper now do their own. Again in Canada for those without computer access or knowledge the Volunteer Income Tax Program (VTIP) works fairly well.

CRA also operates on a honour system to a degree. I'll get my refund within two weeks of filing, but no one has looked at my tax return. It just passed a digital smell test. If a human actually looks at it the reassessment will come 8-9 months later typically. This at least reduces overall gov't cost in processing tax returns.

This post was edited by SBD on Feb 22 2022 12:32pm

if it would mean gas isnt 3,75 a gallon id say yes

you should pay a 15% flat tax on income whoever you are. if your net worth is above $10 mil you should also pay capital gains.

make the yearly tax return something that you can fill out on a post card and drop the silly deductions other than maybe a standard deduction and charity. investment and employment deductions for corporations.



The IRS is so bs these days. I just got a refund from three years ago and someone in my family is still waiting for one from around the same period.

The inside of an IRS office must look like the house of a compulsive hoarder.

This post was edited by EndlessSky on Feb 22 2022 01:49pm

ehhhh 10 million way too high a cut off and people above 1m should be much harder taxed

automate taxes, and tax automation.