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16%  
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  • What about my boat? ("Return-Free" — IRS would automatically prepare income-tax returns)

    10/08/2005 5:57:53 AM PDT · by Libloather · 63 replies · 1,289+ views
    What about my boat? If you think it's bad enough that the Internal Revenue Service collects your hard-earned tax dollars, imagine if an IRS agent prepared your income-tax returns, too. No, we're not joking. The concept, called "Return-Free" — where the IRS automatically prepares income-tax returns of those taxpayers with the simplest returns and then sends taxpayers the bill — is being considered by the President's Advisory Panel on Federal Tax Reform. One of several Republicans who opposes the concept calls it "flawed" and "dangerous to taxpayers." It "creates a conflict of interest by making the tax collector the tax...