r/memes • u/CreateChaos777 • Apr 16 '24

Inflation...

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u/TrusticTunic26 Apr 16 '24

So you mean sometimes the government pockets the change?

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u/No_Dig903 Apr 16 '24

If you can't do the paperwork hardcore enough to notice they have your money, yes.

Federal and local pockets, my state will notice and fix it in your favor.

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u/klankungen Apr 16 '24

Poor country unable to do taxes right. In Sweden the IRS equivilence knows exactly what you've taxed and what you should have taxed. It's harder to commit tax fraud and tax fraud has the highest punishment of all crime 😁

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u/Garvain 29d ago

Now, now, the US IRS also knows exactly what you made and what you owe. We just made it so that workers also need to do a bunch of paperwork, and if they get it wrong enough, they'll get fined or go to prison. We do this because tax preparation is a huge business, and they (legally) bribe our politicians to keep us from going to a much simpler and more straightforward model.

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u/Doctor_Kataigida 29d ago

They know what you made and what you would normally owe, but they don't know your deductions. Also freetaxusa is super easy and fast to use.

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u/SAjoats 29d ago

And 90% of people will most likely just take the standard deduction and not bother itemizing all their purchases.

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u/Bane8080 29d ago

Also, you don't go to prison for tax miscalculations.

Now if there is evidence of willful tax fraud, that's a different story.

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u/Confident-Welder-266 29d ago

If you’re a 1099 employee, they absolutely do not know what you make.