Not exactly, since the IRS provides tons of credits and deductions for things that aren’t inherently trackable, like credits for upgrading your home to be more “green,” asset depreciation, or any other of the thousand random things they incentivize
We have those kinds of deductions in Sweden too. The company that upgrades your home files for the money of your deduction with the IRS and then reduces your bill by the corresponding amount.
If you do the renovations yourself you have to file for the deduction yourself, so there are certainly many situations where you can’t just have every single part of the tax forms automatically calculated. But typically it’s just a matter of logging in to the IRS website and providing the facts as you know them (“I bought stock for X and sold it for Y”) then the system calculates the rest for you.
Yet many other countries do in fact calculate taxes for their citizens. You just need to check it and sign.
Yeah, they send me mine calculated, and ask if I want to change anything. I look over it and and, as if I understand it all, say " That’ll do pig"
America has a serious skill issue in all things.
more like a population issue and too much diversity to agree on anything to make a law
and i mean diverse opinions and backgrounds not skin color or whatever.
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Not exactly, since the IRS provides tons of credits and deductions for things that aren’t inherently trackable, like credits for upgrading your home to be more “green,” asset depreciation, or any other of the thousand random things they incentivize
We have those kinds of deductions in Sweden too. The company that upgrades your home files for the money of your deduction with the IRS and then reduces your bill by the corresponding amount.
If you do the renovations yourself you have to file for the deduction yourself, so there are certainly many situations where you can’t just have every single part of the tax forms automatically calculated. But typically it’s just a matter of logging in to the IRS website and providing the facts as you know them (“I bought stock for X and sold it for Y”) then the system calculates the rest for you.