Scott G. Winterton, Deseret News
Filing taxes takes about five minutes in Denmark, Sweden and Spain.
Each taxpayer is given a tax return, already filled out by the government, showing the estimates owed. It is fixed by the individual and then sent back in. It’s called “return-free filing,” and though possible — and suggested previously in the United States — it’s been opposed by some loud voices, according to an article by Pro Publica and NPR.
Intuit, the maker of Turbo Tax, and Grover Norquist, a conservative tax activist, have spent $11.5 million on federal lobbying the past five years.
If return-free filing was established in the United States, an estimated $2 billion could be saved collectively by the tens of millions of taxpayers who would be able to use it. Additionally, 225 million hours in preparation costs and time would be saved.
For companies like Inuit’s Turbo Tax, which helps Americans who wish to file independently without having an advisor, a government from would pose a threat.
Intuit said if the IRS prepare the forms instead of making people accountable for actually paying, the preparer could end up paying more money.
- How one woman unplugged from technology for...
- What it takes to be middle class in each state
- What could McDonald's do to fix its business?
- It can cost you $12,000 a year to buy...
- Dave Ramsey says: Don't be ashamed of...
- Why college matters more today than 20 years ago
- Don't be surprised if you find your boss...
- Kids learn the ABCs of managing money
- Dave Ramsey says: Don't be ashamed of... 17
- What could McDonald's do to fix its... 11
- Joseph Cramer, M.D.: A different view... 6
- Are you ready to start using a digital... 5
- How much money should you be saving... 4
- It can cost you $12,000 a year to buy... 4
- How one woman unplugged from technology... 3
- Michelle Singletary: Credit can be... 3