Obama: Let the IRS Do Your Taxes
Democratic presidential candidate Barack Obama wants the IRS to do your taxes for you -- if you take the standard deduction, that is. From an AP story describing tax proposals Obama unveiled yesterday:
Additionally, the IRS would send prefilled tax forms to 40 million workers who take the standard deduction and have a bank account. They would simply have to sign and return it, which Obama estimates would save more than $2 billion in tax preparer fees, 200 million hours of work and "an incalculable amount of headache and heartburn."
The question is, how much of those costs and hours of work would be transferred to the IRS workforce, and would the agency's budget and staff be increased accordingly?
(Hat tip: Andrew Sullivan)
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