10 Questions
True or false:The IRS received over 100 million phone calls and answered all of them.
False
True or false: The IRS is responsible for funding education and healthcare.
False
True or false: President Biden has a plan to increase funding for the IRS.
True
True or false: Biannual tax filing could save the IRS and taxpayers a combined $83 million a year.
False
True or false: Biannual tax filing would give the IRS less time to conduct audits.
False
True or false: Tax returns for the wealthy are simpler and require less training for IRS agents.
False
True or false: Filing taxes has become less complicated and now costs taxpayers less time and money.
False
True or false: Return-free filing is a system used in 36 countries that could make it easier for taxpayers to file their taxes.
True
True or false: Biennial taxation is a new concept and has never been used before.
False
True or false: The IRS is currently overfunded and operates very efficiently.
False
Study Notes
- The IRS is underfunded and is not able to operate efficiently.
- The agency received almost 100 million phone calls and only answered one-third of them.
- The IRS is responsible for funding defense, Social Security, and Medicare.
- President Biden has a plan to pump billions of dollars into the IRS to help it do its job.
- Biannual tax filing could save the IRS and taxpayers a combined $83 billion a year.
- Biannual tax filing would give the IRS more time to answer phone calls and conduct audits.
- Tax returns for the wealthy are complicated and require more training for IRS agents.
- Filing taxes has become complicated and costs taxpayers a lot of time, money, and angst.
- Return-free filing is a system used in 36 countries that could make it easy to automatically issue refunds.
- Biennial taxation has been used in ancient Rome and could be a win-win for the IRS and taxpayers.
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