This has always been my viewpoint. It doesn't have to be perfect, nothing is. Everyone already "cheats" on their taxes by not reporting things like gifts which never reach the limits anyways. Or servers who take cash tips and don't report. We don't care about these things because they are so low value and honestly might be better for the economy if ignored.

And as far as I see it, everything the Fed needs to file my taxes is information that the Fed already has. I'm pretty sure this is an extremely common circumstance.

I also don't understand why states don't push for return free filing. They can demonstrate it working without the need for the Fed to take action, which in turn would put pressure on the Fed.