Thursday April 21, 2022 – The Biden Build Back Better Plan is still being pushed by some in Congress. You can predict, right after Tax Day, 2 things: First, the IRS will ask for more money to preform their duties (we covered that yesterday). Second, we should give the IRS more power to make filing easier.
One can find a plethora of stories detailing how cheap it is in other countries to prepare taxes. “In Sweden, you get a text message,” “In Croatia it takes five minutes.” The one element these stories leave out – is government control. If the government controls every aspect of citizens lives and has these details readily available, the government can make these decisions for the citizens.
It may be cheaper – out of pocket for taxpayers – the real cost is much more. There is an old saying – if you want to make something really expensive – make it FREE.
Attorney Steven A. Leahy discusses these issues on Today’s Tax Talk.