Re:Americans are spending billions on stuff they forget to c...
by themaninthedark on Sunday January 21, 2024 @01:43PM
(#39081419)
The average burden of the 1040 C-EZ is 1 hour 40 minutes.
If we take the premise that 10 minutes to review your finances a month and then cancel unused subscriptions is not a burden(and good luck with canceling in 10 minutes) then doing basic taxes takes less time than a full yearly review.
There are a great many people here who argue that doing ones taxes are an impossible burden and the government should automate it away since they have the (most of) the data.
However here it should fall upon the individual to do all this labor in a case where the business has this information already compiled.
This isn't a great comparison. Looking through a bank statement once a month and clicking "end subscription" takes a few minutes for anyone. Doing your taxes manually is much more difficult. This is the easiest economic decision to choose to stop partipating in in the history of the earth.