Thursday, September 08, 2011

Get Ready For Pre-Filled Tax Forms!

If the Government wasn't already BIG enough...intrusive ENOUGH....now they want to pre-determine what you WILL pay the Government each year in taxes......I missed this article when it first came out....OMG....

The reason this idea is proposed as a revenue enhancer is the conviction that Americans are under-paying their taxes by $345 billion per year. The IRS would have an overpowering, built-in incentive to pre-fill those tax forms with as few deductions and credits as possible. To have a fighting chance of collecting those deductions and credits, taxpayers would need to keep the IRS updated on a great deal of personal information throughout the year.

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