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A comment on Filing Taxes in Japan Is a Breeze. Why Not in the US?. Parent comment

Re:Filing Taxes in Japan Is a Breeze. Why Not in the US? by patio11 on Friday April 14, 2017 @07:52PM (#14118403)
You would lose that bet. 12 million Americans filed a Schedule D with $5k+ in capital gains in the last year the IRS has stats on. (That's 1 out of every 8 returns.)

https://www.irs.gov/uac/soi-tax-stats-individual-income-tax-...

There are numerous other ways to have income outside of formal employment in the US. The most salient one for tax purposes is self-employment.

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Re:Filing Taxes in Japan Is a Breeze. Why Not in the US? by gozur88 on Friday April 14, 2017 @10:26PM (#14118998)
Let me amend to say "...only a tiny percentage of people have income the government doesn't already know about."

Surely most of that capital gains stuff is stock and bond sales.

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