Tax returns waste everyone's time – but there's an easy solution the tax preparation industry and some lawmakers don't like
- Written by Garth Heutel, Associate Professor of Economics, Georgia State University
Congress designed a complicated tax system.AP Photo/Keith Srakocic
Each year hundreds of millions of Americans file their personal income tax returns using a form 1040.
The average American spends eight hours and US$110 doing so. Much of that money goes to professional tax preparers and software companies. Much of that time is spent entering...