TurboTax Parent Company’s Latest Argument Against Free Tax Filing: It Will Harm Black Taxpayers
TurboTax Parent Company’s Latest Argument Against Free Tax Filing: It Will Harm Black Taxpayers
Articles published around the country repeat Intuit’s assertion — sometimes almost word for word — that the upcoming IRS pilot program would hurt Black Americans. A researcher whose work is cited by Intuit says the company is misstating her findings.
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That's all pie in the sky fantasy at this point. As long as we live in a $20+trillion/year economy with fifty states, hundreds of millions of people, interstate commerce, international business, complex transactions, and so on, tax will always be complicated as fuck. Best we could do is pre-prepare tax returns from the information returns provided to the irs (W-2, 1099 etc) and allow the taxpayer to update/amend at their discretion. Which I totally support. But tax and accounting is never not going to be complicated as fuck, it just doesn't work that way.
There will always be some complexities in tax codes, but I think there is broad consensus that our current tax system is unnecessarily complicated. Taxes could be simplified pretty dramatically to the point where individual tax filings are close to automatic and don't require third party companies. Taxes will always be a complex issue, but that definitely doesn't mean we should accept that paying large for-profit tax preparation companies should be the norm for your average citizen. It certainly isn't that way in some other highly developed countries.
Or, and hear me out here.... the IRS can start going after the whales that aren't paying taxes currently. Don't shrink the government agency that literally has the highest ROI of any agency
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I agree simplify the code, and let the existing IRS do more, don't downsize it, just cause it's easier