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by maxrecursion
781 days ago
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If they got rid of all the deductions and loopholes most people wouldn't need to file as the only thing they'd have to put on their taxes is their W2 income. I believe the IRS is even informed of things like 401k disbursement and stock sales. Meaning most people wouldn't have to submit for those either. The gains of simplify the tax code are gargantuan, but unfortunately, the wealthy and powerful organizations benefit from the current system, and would be hurt financially by simplifying it. So, it will never be simplified. |
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