Government Pre-Filing Taxes

Mike Munger is in favor of the government pre-filling tax forms and letting taxpayers either accept the findings or submit their own returns.

This sounds like a pretty good idea that would fail miserably, especially if taxpayers would still be responsible for any mistakes.  In that case, even if you assume away a cynical, profit-maximizing IRS which purposefully (or accidentally-on-purpose), consistently under-charges people just to do “random audits” and later soak them on the penalties, there are still some potential problems.  The government has no incentive to get your return correct, meaning that anybody filing anything but the most basic return (e.g., if you have a home mortgage) would still be better-served filing his own return.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s