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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry::undefined

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[-] max@feddit.nl 24 points 9 months ago

So your government could do what the commenter above suggested for 99% of the population. Got it.
Because that’s what they do in my country. Your income is pre-filled, and most people don’t need to do anything other than double check it and click submit. If you want to get tax breaks for edge cases like uncovered medical care, extra schooling, travel costs as a freelancer, etc., you just follow the mostly easy steps and fill that in.

[-] hglman@lemmy.ml 8 points 9 months ago

I want the rich to be taxed; the system is broken bc it allows for loopholes. 100% should just get a bill.

[-] max@feddit.nl 6 points 9 months ago

One doesn’t have to exclude the other. I sense the irony in saying this, being Dutch (whose country is considered a tax haven for the rich and corporations unfortunately), but we don’t have to pay for tax software at least. Worst case, you’ll pay for a tax advisor/accounted if you have a really complicated situation with shit like alimony and wish to squeeze every last cent from it.

[-] Dark_Arc@social.packetloss.gg 1 points 9 months ago

Loopholes aren't bad, they're incentives for companies to do certain things rather than hard requirements for companies to do certain things.

It's when it's to such an extreme no or little tax is paid that there's a problem.

[-] bamboo@lemm.ee 4 points 9 months ago

Loopholes also get a bad name because many of them are carved out to target specific people, companies, and demographics in ways that aren’t helpful to society at large.

this post was submitted on 07 Feb 2024
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