H&R Block and Intuit Lobby Against Free and Simple Tax Filing (2017)

Re:H&R Block and Intuit Lobby Against Free and Simple Tax Fi... by blitmap on Monday January 21, 2019 @03:36AM (#18958752)

I know it's possible for billionaires to pay a lower effective tax rate (the percentage) than a secretary.

I wish we had raw data showing they paid less in the dollar amount. I believe this happens, I just wish we had a good idea of how common it is.

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Re:H&R Block and Intuit Lobby Against Free and Simple Tax Fi... by Wowfunhappy on Monday January 21, 2019 @10:35AM (#18961004)

A billionaire paying a lower dollar amount in taxes than a secretary? Yes, I would also like to see data on that, because I doubt it happens. :P

The scenario does arise when we're talking about percentages, because billionaires make much of their wealth from capital gains and the like. But it's hard for me to imagine how the actual dollar amount paid could be lower.

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Re:H&R Block and Intuit Lobby Against Free and Simple Tax Fi... by blitmap on Friday January 25, 2019 @10:15PM (#19004540)

I should have phrased this another way: I believe fraud happens.

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