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house Bill H.R. 4780

Should the IRS Have an Online Tax Calculator to Show How the New Tax Law Impacts You?

Argument in favor

Taxpayers are understandably curious how their individual tax liability will change because of the Tax Cuts and Jobs Act. It makes sense for the Treasury to an online calculator that shows individuals how their tax burden will change from 2017 to 2018.

Patrick 's Opinion
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01/24/2018
Absolutely. You should know exactly how the Republican tax “cut” bill affects you before the election in Nov. Not after.
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01/24/2018
Yes. There should also be data showing how much of your money will buy guns and bombs, settle lawsuits, and pay to house non-violent drug offenders in private prisons.
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Cathleen's Opinion
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01/24/2018
Definitely! I’m fed up with lies that this will help the middle class! I wish politicians wore a shock collar that would react every time they lie!😡
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Argument opposed

There are plenty of online tax calculators available for Americans to use, so the Treasury doesn’t need to make one. This is a political ploy to show taxpayers how much more money they’ll get to keep (or not) because of the GOP tax cuts.

Fg's Opinion
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01/24/2018
What’s the next useless idea to spend money on. Be happy with your increase in your pay check and file your post card income tax
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David's Opinion
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01/24/2018
No the IRS is not in the online app business and there is no way they could produce what is requested in the time allowed. So that means they would purchase whatever is already available and they don’t have the money for that.
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Sally 's Opinion
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01/24/2018
This is total bs, and our tax dollars should not be used for this sort of thing
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedJanuary 11th, 2018

What is House Bill H.R. 4780?

This bill — known as the Transparency for Taxpayers Act — would require the Treasury Department to create a publicly available online tax calculator that computes the approximate change in an individual’s income tax liability from the 2017 tax year to the 2018 tax year because of the Tax Cuts and Jobs Act. The Treasury Dept., specifically the Internal Revenue Service (IRS), would have until April 1, 2018 to publish the tax calculator. The calculator would take into account several factors impacting an individual’s tax liability while being “as simple and quick to use for taxpayers as is reasonably possible.”

Impact

Taxpayers; and the Treasury Dept.

Cost of House Bill H.R. 4780

A CBO cost estimate is unavailable.

More Information

In-Depth: Sponsoring Rep. Tom MacArthur (R-NJ) introduced this bill to require the IRS to create an online tax calculator for taxpayers so they can see the impact the Tax Cuts and Jobs Act will have on their 2018 tax liability while they file their 2017 tax return:

“Over the next year, Americans will seek to understand how the new tax law will affect their bottom line. The new law will absolutely provide Americans with real tax relief, but unfortunately some people in politics and the media have resorted to fear-mongering and spreading misinformation about it. The American people deserve  better and they deserve the truth. This bill is a common sense solution that will allow taxpayers to see the real and truthful impact of the new tax law.”

This legislation has the support of 12 cosponsors in the House, all of whom are Republicans. Congressman MacArthur and his cosponsors also sent a letter to the administration suggesting they create a calculator through executive action if Congress fails to take up their bill.


Media:

Summary by Eric Revell

(Photo Credit: Xesai / iStock)

AKA

Transparency for Taxpayers Act

Official Title

To direct the Secretary of the Treasury to make available an online tax calculator to estimate the change in an individual's income tax liability with respect to the amendments made by the Tax Cuts and Jobs Act.

    Absolutely. You should know exactly how the Republican tax “cut” bill affects you before the election in Nov. Not after.
    Like (80)
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    What’s the next useless idea to spend money on. Be happy with your increase in your pay check and file your post card income tax
    Like (36)
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    Most definitely. All voters should have easily accessible and understandable information on how a tax bill will effect them personally.
    Like (106)
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    Yes. There should also be data showing how much of your money will buy guns and bombs, settle lawsuits, and pay to house non-violent drug offenders in private prisons.
    Like (61)
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    Share
    Definitely! I’m fed up with lies that this will help the middle class! I wish politicians wore a shock collar that would react every time they lie!😡
    Like (38)
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    Yes - and any time changes are proposed to tax law a calculator should be available for the people to know how it will effect them BEFORE it gets voted on. Then they can contact their representatives and senators with an opinion on how to vote.
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    No the IRS is not in the online app business and there is no way they could produce what is requested in the time allowed. So that means they would purchase whatever is already available and they don’t have the money for that.
    Like (23)
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    Not only do I want a calculator The is clear and concise, I want it to show the next 5 years. So based on the data I put in today what might my taxes look like for 2019, 2020, 2021, 2022, and 2023. Since the tax bill that the government passed will fluctuate, some deductions will be temporary, over the next five years we need to be able to plan ahead.
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    The IRS has had a tax calculator for years. It helps you to adjust your W-4 so you don’t owe or pay too much in. It is down right now and it should be put back. Whether it compares the new tax plan to the old tax law is irrelevant to me. I want to see how I’m doing to know if I need to adjust my withholding.
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    People deserve to know how this is going to affect them, and the IRS is the best organization to set this up.
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    This is total bs, and our tax dollars should not be used for this sort of thing
    Like (11)
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    This is a necessary tool so that American voters can see whether or not their representatives were telling the truth about their claims on the tax bill. What I'd be even more eager to see is statistics from the IRS showing how much people based vs their income/net worth. Then we can see if this "middle class tax cut" was actually for the middle class.
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    There are already those tools available elsewhere
    Like (6)
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    Absolutely!! I want to know how getting relief from Obama’s wrath tax laws will help me financially!!
    Like (6)
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    This would take a single decent programmer 1 week maximum. This is a couple thousand dollars worth of work for a huge benefit.
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    Two questions: how much will that cost through the government process? How different is it from the ones that USAA and Frost Bank have already created for free?
    Like (5)
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    The amount of money and effort to do this will be ridiculous and probably unhelpful
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    No there are enough online resources already. No need to spend money on a redundant app.
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    No, it will cost millions and it won’t work. Remember the ACA website disaster? April is coming soon enough.
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    A calculator for the new tax laws would be very helpful for future planning. We are self employed and need to plan ahead.
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