Off Topic — HabitableZone

Off Topic » in reply to It's estimated that about $140 billion worth of American's time goes into tax preparation.

re: It's estimated that about $140 billion worth of American's time goes into tax preparation.
Laurie Street — (archived)

One of those things that catch in my mind and I can't expel...

$140 billion per year... US population about 280 million, of which maybe (max) 140 million do their own taxes... $1000 per year each.... hmmm, how much is their time worth?

I don't know about US income tax filing, but I take maybe two hours to do mine via computer - file electronically so no trips to the post office - anyplace else I could make $500 an hour?

My return is probably a little more complicated than average as I put in for office-in-home expenses - I do my mom's taxes in about half an hour.

And people doing their taxes on a Tuesday night or Sunday afternoon don't actually impact the economy that much, do they? It's not like they would be earning real money if they weren't doing their taxes....

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