According to data released by the Central Board of Direct Taxes, the cost of tax collection decreased to 0.51 percent of total collection in 2022-23 from 0.57 percent in 2013-14
dana: new york attorney general james announcing a settlement with turbotax operator intoou it. investigation found turbotax was deceiving customers by steering low income tax filers from free services. it will provide restitution to nearly 4.4 million turbotax customers. consumers are expected to receive a check of $30 for each year they used the service. bill: how about that? education said to be a major factor upcoming mid-terms. new fox poll finds that 55% of americans support banning teachers from talking about sexual orientation or gender identity before the grade of 4 or fourth grade now. former education secretary betsy devos with me now. good morning. a couple topics i want to get to. what have you found on gender
Republicans was to simplify the tax code as you mentioned. listen to paul ryan s promise. we re making things so simple, we re making things so simple you can do your taxes on a form the size of a postcard. right. the new york times analysis of this latest version is the following, they say the quote is no taxpayer will ever see the postcard sized tax return that has been promised. did republicans fail in that regard? well, kate, i guess what i would say, i ve never been one waving the postcard around. paul ryan has. my district nearly 70% of income tax filers do not itemize. the fact that their standard deduction will be doubled and rates lowered will lead to the fact that more people will not itemize and so for them, i suspect this process will become simpler. i m not going to say it s going to be so simple for a postcard
Teachers can take for school supplies. some will increase graduate students taxes by roughly 400%. how is that good for the middle class? well, let me first say this. in my district we estimate about 70% of income tax filers do not itemize that is these deductions aren t particularly relevant. now they ll have doubling of the standard deduction and their rates are coming down. but for these this is most everybody. but for students and teachers, particularly this particular group, are you acknowledging this group is going to get hosed? i will acknowledge any time we limit any deduction credit or loophole or break, that will have an impact. but have you to look at that versus the rest of the package. rates are going to be coming down for a lot of people. we have to balance that out. but some have also said with the change in inflation that these rates you guys are talking about, they may come down in the first year but by the second and