GOP/PAUL RYAN/TAXES/TRUMP AS PRESIDENT: “Since mid-2016, U.S. House Speaker Paul Ryan has carried around a ‘postcard’ that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul.
And as recently as Thursday President Donald Trump touted Americans being able to ‘file their taxes on a single, little beautiful sheet of paper.’…
Representatives from the $11 billion U.S. tax preparation industry said that the legislation so far seemed unlikely to render their services unnecessary…
The IRS would not discuss changes that might come from the proposed tax overhaul.
However, the IRS estimates that, despite its efforts to make filing taxes easier, 90 percent of Americans use tax preparation services such as Jackson Hewitt, H&R Block Inc and Liberty Tax Inc or tax software such as TurboTax from Intuit Inc…
A key driver of this, according to independent analyses, would be a proposed doubling of the standard deduction and a curtailment of the deduction for state and local tax payments.”
-Makini Brice, “Do not expect postcard-sized tax return from Republican plan: experts,” Reuters, Dec. 14, 2017 03:04am