Comment Re:Overseas comment (Score 2) 386
I like the UK system - if you're an employee and you're happy with the tax your employer has withheld on your behalf, you don't have to do anything. You get a statement at the end of the year telling you how much you've been paid and how much tax has been withheld - if you think they've got it wrong, or you want to claim deductions, you file a tax return saying so.
We could do this in the US. By could I mean, if we changed tax regulations -- the system is mostly in place already. Wage income is deducted "pay-as-you-go" here, too. All of my interest, dividends and gains were already reported (but not deducted) by the entities that paid them. The IRS could have just sent me a bill for that with what they already know. Most of the data I put on my 1040 is redundant for the IRS. The biggest impediment -- other than changing the law -- would be that not claiming all your deductions could result in paying far more than you really should owe, especially if you have a mortgage, give to charity, or need to report other such deductions.