2017 Tax Reform - Pay Attention, Please
Tax Reform: Let’s all please pay attention and work hard to understand what they are proposing. If they do it in the dark without hearings and openness and verification of figures and clear statement of functions, we are going to be flimflammed big time. Tax Reform, what a subject and we are really in need of some ground truth. Let’s say, everyone who reports their pay through payroll, you know th e statement we get with our pay and withholding detailed. Taxes are withheld, Medicare/SS/Medicaid, etc. Okay, the government IRS has all that info and based on that can, and should be able to figure our individual taxes for 70% plus of wage earners who do not have deductions, just eligible for standard deduction, and even those with home loan interest could be factored without anyone filing or needing to use accountant. The IRS just bills you if you owe more than you withheld or sends you a rebate. This would eliminate the billions spent on our current filing system, time wasted fixing and...