There are plenty of comparisons between flighty, mysterious Millennials and their generational predecessors, but this is a new one:
Milennials (18-24) trust the IRS (73%) to enforce the law fairly more than people over 50 do (54-56%), says new IRS oversight board survey.
— Richard Rubin (@RichardRubinDC) December 8, 2014
What do we make of this?
The easy answer — like most of the crap we see pegging Millennials as driven by lofty goals and dreams, much like the olds were until life got in the way and shattered their unrealistic expectations — is that 18 – 24 year olds just haven't had enough experience with the IRS to be bitter yet. Give it time. Like a nice aged cheese.
“Perhaps the most telling indicator of taxpayer confusion over the code’s complexity is that today, 90% of individual taxpayers pay for professional tax preparation or tax software to prepare their tax returns. IRS research estimates that, over the past 10 years, the burden for the typical taxpayer has increased by about 20% and would likely be even more if they had to prepare returns themselves without any aids or tools. Moreover, we estimate individual taxpayers and businesses spend more than 7 [billion] hours each year complying with filing requirements.” [
Where’s a Liberian warlord when you actually need one?