g5000
Diamond Member
- Nov 26, 2011
- 128,965
- 73,270
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Would you support an individual tax return which asked for your gross income and then a table on the back of the card shows what bracket you fall in and how much you owe?
I've heard some politicians promise that if they were president, they would enact a postcard tax return. Ted Cruz, in particular.
Cruz always got a big cheer when he said he would abolish the IRS. But if there is no IRS, who would collect the income tax from your postcard tax return, Ted?
I'm not sure people understand the full implications of a postcard tax return. That means no line to deduct your energy-saving refrigerator or your solar panels or your mortgage. No line to get credit for your offspring.
It does have fewer lines, 23. The current 1040 form has 79. But people will still be required to file several pages of worksheets if they wish to itemize deductions.
I've heard some politicians promise that if they were president, they would enact a postcard tax return. Ted Cruz, in particular.
Cruz always got a big cheer when he said he would abolish the IRS. But if there is no IRS, who would collect the income tax from your postcard tax return, Ted?
I'm not sure people understand the full implications of a postcard tax return. That means no line to deduct your energy-saving refrigerator or your solar panels or your mortgage. No line to get credit for your offspring.
Trump's New IRS 'Postcard' Is Not So Simple And Not Really A Postcard
President Trump and congressional Republicans promised that taxpayers would be able to file their returns on a postcard, but the new IRS effort isn't quite that.
www.npr.org
It does have fewer lines, 23. The current 1040 form has 79. But people will still be required to file several pages of worksheets if they wish to itemize deductions.