Comment on TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry
sebinspace@lemmy.world 9 months agoThe point is that we shouldn’t have to do taxes ourselves in the first place. The IRS have the necessary numbers, they know what we owe or are owed. Intuit continuously lobby to keep the current system in place, while advertising itself as “convenient”, and it is, but only within the system they helped create and help maintain.
grayman@lemmy.world 9 months ago
Agree but also disagree. The IRS has some of that info, but not all of it. While it’s true that most (ie >50%) people the govt knows everything, there are plenty of free options. I filled out the 1040EZ for many years before I couldn’t anymore. It was less than an hour of my time. That’s still available online and in paper. The only thing missing is the govt prepopulating a few numbers, which isn’t much of a benefit.
The tax code could be simplified, but the argument being made here is that most people are forced to use tax software because it’s too hard to do your own taxes. But it’s actually the opposite… Most people are fine with the 1040EZ. The 25% or so that have more complex tax situations will always be happy paying $50 for x software to get a $3k return or pay an accountant $300 to do it.