Big Idea: Making Taxes Easier

Imagine: You go to a store, buy things with your credit or debit card, listed on your receipt, why not also have the store send the list/cost of each item you buy, instead of just the total, to the bank? Who then displays that info in your account by purchase and total (as they do now), but also lists each item and amount included in that purchase, and allows you to then go through each night or weekly or monthly, and just check any tax deductible items, make a memo or category designation. At the end of the year, you just print it out, all taxes and calculations are done and figured for you. Easy!

I think most Americans are disappointed that all this information corporations and the government are collecting is not being put to better use to make our lives easier and more convenient.

Almost all stores readily collect and already have this information, all they need to do is share it with you the customer and your bank, who sets up a convenient viewing platform to allow you to easily organize it and make tax category designations (or allow your bookkeeper or accountant to access it and do so for you with your permission/oversight).  This would make pretty much EVERYONE's lives easier and save a whole lot of hassle. Further, it would pretty much eliminate most tax issues for regular people.  It would also result in far more accuracy in your tax returns/filings.  You would be happier with much less hassle and more free time, and the government would be happier with better more accurate tax collections. Hundreds of thousands of folks would be in less trouble with the IRS.

It's always bugged me that they have this information and could make our lives so much easier, and don't. I spend hours, days, weeks, chasing down paper receipts, trying to organize and input them, a lot of times the actual ink on the receipt fades to become unreadable before the end of the year, or get lost/misplaced, you have to use an online tax program or hire a bookkeeper or a tax accountant, blah, blah, blah, blah, blah. You probably do too. It's just nuts! And it's really completely fucking insane considering how easy this kind of system would be for stores and banks to set up, they already collect and store all this information, or most of it, anyway. We just need them talk to each other, exchange the information, set up an easy to use customer interface.  It's not rocket science. 

The whole idea is pretty simple, and fairly easy to configure and put in place, but revolutionary.



Imagine the possibilities that could make your and others' lives more convenient, and pursue them.