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This is kind of funny: Sanders wants to help you file your tax returns more easily
http://thinkprogress.org/economy/2016/04/13/3768924/warren-sanders-tax-returns/
Elizabeth Warren Wants To Take Down TurboTax - Bryce Covert -Apr 13, 2016 11:33 am
Elizabeth Warren wants to make tax filing season simpler and cheaper for most Americans.
On Wednesday, the Democratic senator introduced a bill with seven cosponsors, including Democratic presidential candidate Bernie Sanders, seeking to make significant reforms to the Internal Revenue Service (IRS). Under the bill, Americans with simple tax obligations would have the option not to complete a tax return at all, but to instead receive a pre-prepared return from the IRS with their liability or refund already calculated for them. The IRS already gets most employer and bank information on taxpayers’ obligations — such as W2s and interest earned — so all it would have to do is calculate what they would owe for them.
A report released by Warren’s office on the tax preparation industry estimates anywhere from 8 million to 60 million households would no longer have to file any returns under such a system. Advocates for such a system have said in the past that this could save them $2 billion and 225 million hours of time spent preparing returns, collectively.
For others with more complex situations — those who want to itemize their deductions or with many dependents who have to provide more information — the bill would direct the IRS to develop a free, online preparation and filing service that would allow everyone to file directly with the government, rather than relying on third party filing services like TurboTax or H&R Block. And taxpayers would be able to download the tax information the IRS already has.
Elizabeth Warren Wants To Take Down TurboTax - Bryce Covert -Apr 13, 2016 11:33 am
Elizabeth Warren wants to make tax filing season simpler and cheaper for most Americans.
On Wednesday, the Democratic senator introduced a bill with seven cosponsors, including Democratic presidential candidate Bernie Sanders, seeking to make significant reforms to the Internal Revenue Service (IRS). Under the bill, Americans with simple tax obligations would have the option not to complete a tax return at all, but to instead receive a pre-prepared return from the IRS with their liability or refund already calculated for them. The IRS already gets most employer and bank information on taxpayers’ obligations — such as W2s and interest earned — so all it would have to do is calculate what they would owe for them.
A report released by Warren’s office on the tax preparation industry estimates anywhere from 8 million to 60 million households would no longer have to file any returns under such a system. Advocates for such a system have said in the past that this could save them $2 billion and 225 million hours of time spent preparing returns, collectively.
For others with more complex situations — those who want to itemize their deductions or with many dependents who have to provide more information — the bill would direct the IRS to develop a free, online preparation and filing service that would allow everyone to file directly with the government, rather than relying on third party filing services like TurboTax or H&R Block. And taxpayers would be able to download the tax information the IRS already has.
Now personally, I want Bernie Sanders to release all his tax forms and all his paid and unpaid speeches. 100% transparency. If he's got nothing to hide, he's got nothing to hide.
On the other hand, in regards to shit that actually affects most people, Sanders is often light years ahead of Clinton and always has. It's good to see him signing on to this.
I have a feeling Queen Hillary would veto it if it were to ever pass depending on whether Intuit and H&R Block donated to the Clinton Foundation.