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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56916647 No.56916647 [Reply] [Original]

Why do I have to do my taxes when the government already knows how much money I'm making/spending?

>> No.56916663

>>56916647
omg i can't stop farting today. oh god here comes another one. uuuuuhhh...

>> No.56916691
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56916691

>>56916647
The government has made it dead easy for people with only 1 or 2 jobs to file. But us /biz/ people have much more complex taxes.

>> No.56916709

>>56916647
They often dont have a complete picture. If someone sends me 1 million dollars today they may not know if its early inheritance, crime, or just a gift. They want you to file so it can be taxed properly, or in some cases not taxed.
Can you probably get away with not filing $100 in ebay sales? Sure, not worth their time. Good luck not filing 50k income every year though.