Filing taxes in the US can be a daunting task compared to many other countries. Despite the average American spending significant time and money on tax preparation, the tax code remains complex and confusing. While other countries have streamlined their tax systems, the US system is burdened by special interest tax breaks, social policy measures embedded in the tax code, and the lack of pre-populated tax returns or automatic tax calculations. Recent efforts like the standard deduction increase and Direct File program have taken steps toward simplification, but further legislative changes are needed to fully modernize the US tax system.
Published on: February 06, 2025, 08:02 AM UTC
Filing taxes in the US can be complicated and time-consuming compared to Sweden due to its complex tax code, numerous credits and deductions, and lack of pre-populated tax returns from the government. However, recent steps like doubling the standard deduction and expanding the Direct File program aim to simplify the process for some taxpayers.
Published on: February 06, 2025, 01:01 AM UTC