PLANET OF THE CHIMPS #2

Wednesday, September 7, 2011

Coming soon: The IRS will do your taxes for you

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Imagine this scenario: The IRS may soon just do your taxes for you — and send you the bill.

If this sounds farfetched, it’s not.

The idea has been around for a while, but has been picking up steam in recent years. In 2006, Senate Finance Committee Chairman Max Baucus (D-Mont.) argued it would close a $345 billion annual difference between what the government believes taxpayers owe them and what the IRS actually collects, which he calls the “tax gap.”


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Chimp at 8:14 AM
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