OpenSecrets, 02/06/2024 - "TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry"
This is the great sell-off of America. Anyone who knows what happened to Russia over the course of the 2000s know what's coming is not good.
That’s less efficient
It fits in perfectly with the real name: Department of Government Enshitification
This is just what the redhats voted for in order to lower the price of eggs.
See, I was told this was the result of Midwestern Muslims caring too much about a genocide in Palestine. :-/
I think people put too much weight on the idea of Presidential Vote as people lining up to vote on these sweeping socio-economic reforms. They have to recognize it as a much simpler - almost libidinal - endorsement of The Daddy Party versus The Mommy Party. The choice was never about how efficiently one files their income taxes (a big chunk of Republicans want the entire IRS abolished anyway) or whether the Treasury trades in Bitcoin. It was just whether one personally identified with Trump or Harris as personifications of their political Id.
Avoiding specifics on what he is doing, what the hell is he doing to deserve his compensation at Tesla, SpaceX, and Twitter? He’s too busy in DC.
I think most everyone suspected this, but being a CEO is a part-time job.
The elites long told us they were the hardest-working Americans.
Don't forget neuralink and boring.
Who the fuck do these people think they are. Unelected, unsanctioned, no transparency, no procedure, no committees, no votes, no oversight, no laws. Just the whims of a tech billionaire and his cronies and a President who has given him the run of Washington to rip up what he pleases. If there is any justice, both of these fucks will be dealt with harshly.
Just the whims of a tech billionaire
And Afrikaner racist. That was the group of people that literally ran a white supremist government in South Africa for 80 years and jailed Nelson Mandela for over 30 years.
If there is any justice, both of these fucks will be dealt with harshly.
I mean, if the past four years of waiting on consequences for Trump is any indication...
Kings. They think they're kings.
They are kings. No one is going to stop them
literally look into peter thiel's whole belief system
I already got my direct file in and it says I should get the return soon so uh, here's hoping
It's so nice for Musk to think of the TurboTax and HR Block shareholders.
/s
Government overreach? They're the tax people.
And now the government wants to privatize as much of the governments functions as possible. So in their view the government providing a service that private companies can provide is overreach.
P.S. freetaxusa.com Free federal filing and cheap state filing. Best I've filed online with after taxact became a shitshow.
Wait, y'all have to pay to file taxes?
In theory, no. In practice, yes, since a lot of people go to places like H&R or buy tax software to do it.
This online version, as I understand it, was a great way for people that had relatively simple taxes to do it without too much hassle.
But assholes like fElon cannot STAND the threat of a good example of government and something that benefits people they deem unworthy. That's why these dickheads went after the consumer protection bureau, too.
Give leon a break here, he doesn't pay taxes.
Yes, the state always serves capital not people.
The government should do your taxes for you. We will never have nice things, huh?
Not until H&R Block stops lobbying for things to be difficult.
Intuit (TurboTax) is the main culprit here, but yes.
I think we might finally have a common demand that we can all agree on. Deport illegal immigrant Elon Musk and confiscate his ill gotten wealth. General strike time?
Deporting seems a bit too nice. I was thinking moreso jailtime for about a couple hundred lifetimes
Damn, I used it last year and it was great
Read the summary.
Just a thought that this brings up. If you are in the USA and you procrastinate on filing your tax return until the last minute, don't do that this year. Get the return done and filed as soon as you can. We all know is not the fastest system to get a tax return (which many get and depend on), but with musk and trump dismantling the government before our eyes, some or all of those system may be dismantled or collateral damage. This means you may not get you return until much much later than you expect (and need). Getting your taxes filed early gives us the best chance to still get our return processed before this part of government stops functioning as it does today.
But I should procrastinate paying my taxes until the last minute, yes? I have 1099 income that doesn't have taxes pre deducted from it, there's I always have to pay in (which is fine, I budget for it)
Conversely, if you owe, stall stall stall, file for an extension and stall some more. (This is not tax advice, make sure there are no penalties etc etc.)
Why would you want your taxes done early? That makes absolutely no sense.
If you expect a refund, you have been doing your taxes wrong. Stop taking exemptions. You always want to owe under $1,000. Refund money is free money you lent the government that pays 0%.
If you owe money, you have even less reason to pay taxes early.
Why would you want your taxes done early? That makes absolutely no sense.
I just explained why it made sense. I want my money back before the government functions suffer from Musk and trump.
If you expect a refund, you have been doing your taxes wrong. Stop taking exemptions. You always want to owe under $1,000. Refund money is free money you lent the government that pays 0%.
Listen, I know you've got a tiny bit of conventional wisdom and need to share it, but understand that one-size-fits-all doesn't actually fit-all. When you don't consider things like this, you come off as not only wrong but arrogant because you'are so confident in your wrongness you're prescribing action when you don't even know the situation.
I am getting a refund because I installed solar panels on my house and there are tax credits in the Inflation Reduction Act that give me money back as in the form of credits against the tax I owe.
That you are getting solar tax credits doesn't change that you could have and should in the future adjust your withholdings. You knew you were going to get money back months ago but didn't change your withholdings.
You knew you were going to get money back months ago but didn’t change your withholdings.
Yes but how much? Was the project sure to have gone forward? Would there have been overruns? Have you not done project management before? Do you think its realistic to have perfect budgetary projections a year before even talking to a vendor?
The amount was fixed by the contract you signed. You knew what the tax credit was going to be because the salesman likely highlighted it as part of the sale. If you did it yourself, you'd have an every more detailed knowledge of the costs and timeline. Unless it was finished in December, you could have adjusted your withholdings.
I've done everything from $100 repairs on my house, $80k renovations, to multi million dollar business deals. Even the bat specialist who moved the bats out of my front required a contract.
It is completely absurd that you had an extremely unique tax situation ( tax credits on a project ending in December so no withholding adjustments could be made) yet your first post was authoritative general tax advice without mentioning it was specific to your condition. Then you had the nerve to call me out for giving general advice.
Are you saying you're submitting a new W-4 to your employer for even a withholding change that would benefit you for as little as $100? And multiples of them a year as your tax burden changes?
I don't even know what adjust your withholdings mean. America purposely keeps us stupid. Never have I been offered tax schooling or any thing once.
I don’t even know what adjust your withholdings mean. America purposely keeps us stupid.
If you have an employer, you have money taking out of your paycheck every pay period to eventually go to pay your income taxes on your earnings. This money taken from you for taxes is withheld from you. This is why its called your "withholdings". Even though money is taken out of your check at regular intervals, you're not actually paying any income tax until you file your return next year.
You have some control over how much money is withheld from your paycheck. In a perfect world, you would adjust your withholdings so that the exact amount of money taken out (withheld) from each of your paychecks adds up to your total income tax burden for the year. You make these adjustments on the IRS W-4 document with your employer:
If you know exactly how much money you're going to make that year, and you know exactly how many tax deductions, write offs, write downs, credits, and prior payments you will have, you can set your withholdings to perfectly match how much you owe. This means when you file, you'll get $0 back, but also owe $0. However, there are penalties and fines if you grossly miscalculate and withhold too little. It also makes you more of a target for audit by the IRS in the years ahead.
For many of us knowing exactly what our tax burden is going to be more than a year from now is near impossible. For some that have not tax benefits and a steady fixed income, its much easier to calculate. I fall into the former category making it next to impossible for me to guess correctly.
Never have I been offered tax schooling or any thing once.
I did get some education on this in my public high school, but didn't understand much of it when it was explained. It took me years of growing up in the working world to get the hang of it.
Thank you so much for the insightful post. This helped a lot.
Don’t file taxes then
Write your tax return by hand and mail it in. The IRS downsized years ago and got rid of the people who read these things. They will try to OCR it and have a computer review it, but if there are issues then surely a human will need to look at it.
Would be a shame if everyone filed taxes in a way that was terribly inconvenient for them.
In theory, that could be the goal. Cripple the government by choking revenue.
In practice, this is not what most people use to file taxes, particularly those who pay substantial amounts. More importantly, those taxes are mostly paid through paycheck withholdings. Most people get tax refunds by filing, or if they came up short through the year they only pay a small amount through this system.
So it happens to create a backdoor regressive tax via over payments and refundable credits that go unclaimed?
Sounds about right when the cruelty is the point.
Is this summary AI generated, it's garbage and seems to contradict the linked article, which is about the same length. The way it's phrased makes it sound like the free tax filing is still offered, only with customer support now, and no online component. The article makes no mention of this.
Sounds like Leon owns some tax-filing app shares.
Would be nice if he fucked the system enough that they couldn’t even accept payments - for the first time I owe federal taxes this year, about $300+.
The rich do not pay taxes. You have therefore been identified as a poor. Please remain still for reeducation/organ harvesting.
So cut off nose to spite face just to own the libs?
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