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by mNovak 2485 days ago
What I've come to realize over the past couple years (as my taxes got considerably more complex) is that what's lost with the 'autonomous IRS' is essentially the ability to self-declare your expenditures based on their purpose (albeit with the risk of being audited). The algorithm, which in my interpretation of the suggestion just reads in all your transactional data, would be burdened with some very complex interpretation of supporting documentation. Unless of course it's very simple (e.g. flat tax)
1 comments

Yeah you'd want a simpler tax system, one that could be done with an algorithm and a list of transactions. But that would be a win anyway. A book on the current tax system is about three times the size as a book on all of the laws of physics.