Stephens Media columnist Jason Tolbert explores an idea being promoted by a 2nd District Congressional Democrat John Adams to simplify the tax process that haunts so many on April 15th.
John Adams, a long shot in the Democratic Primary in the 2nd Congressional District and a Little Rock tax attorney, supports a plan that would introduce “The Simple Return.” It is not a new idea, as Adams points out. He drew his ideas largely from Austin Goolsbee, a professor of economics at the University of Chicago and a member of President Obama’s Council of Economic Advisors.
The proposal would have the IRS send taxpayers a completed tax form based on information already being submitted by employers and banks. By some estimates, nearly two-thirds of taxpayers could participate in the simple plan proposal, which could make it easier for those who scramble to find their paperwork every year.
Of course, some have problems with the plan. Read more at this link.