“In this world, nothing is certain but death and taxes” – Benjamin Franklin
As most of you know, today is the last day for you to file your taxes on time. Therefore, the question must be brought up again: Why in the world are taxes so **** complicated in the United States? I have seen numerous statistics that millions upon millions of dollars are wasted just trying to figure out the tax codes every year. There are so many deductions and exclusions and loopholes that it is nearly impossible to figure it out on your own. This is honestly straight up embarrassing. As someone who has been doing taxes for three years or so, I find it insane that I have to purchase software just to walk me through the incredibly complicated tax process (shout out to Turbo Tax). Why can’t the system just be simpler?
I honestly don’t see what is wrong with a simple flat percentage of earnings that everyone pays. It is obviously the most fair system and it would be the most efficient as well. The government already wastes a large percentage of our money anyway, we should not have to pay money in order to figure out how to pay someone to waste our money. If we are looking for a way to cut into the deficit, tax code reform is not a bad place to start. I certainly hope I will not have to put up with this nonsense when I am out in the working world.
What do you guys think would be the best system for taxes? Let me know in the comments down below. Please like the post, comment if you have feedback, and share the blog with others.