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.
- The most expensive homes in Utah in 2014
- Why you need to stop buying your kids so many...
- How to turn financial pessimism into...
- Why homeownership is not for everyone
- Pope demands just distribution of world's bounty
- Gift Guide: 3 ways to watch streaming video...
- Minivans do poorly in new crash tests
- How to find out if a health insurance...
- Japan slides into recession as tax hike... 14
- Robots will replace 50% of today's... 13
- Pope demands just distribution of... 8
- 15 organic fruits and veggies that... 7
- 'Red warning lights' flashing for... 5
- Millennials are quitting their jobs and... 5
- What's next for dead malls? 5
- Are credit cards or consumers to blame... 3