Detailed text transcripts for TV channel - MSNBC - 20140416:07:51:00
Taking the standard deduction, wage earners, first is already doing your taxes. it's called the payroll withholding. and in fact, that didn't always exist. this is one of my favorite historical factoids, is that milton friedman was the one who came up with an idea of the government actually taking withholding, because it actually increased the enforcement. so in some ways, you know, if you don't trust the irs at all, that's fine. i guess you don't have to trust the irs. but they're already doing this. they're already mucking in your payroll every two weeks. >> but chris, that's not exactly tru...