Re:FTC Is Investigating Intuit over TurboTax Practices
by codegeek on Tuesday September 08, 2020 @02:04PM
(#24410989)
My argument is that Tax calculation should NOT be so complex that we need any entity (Govt or Private) to actually run it. Why don't we simplify the tax ssytem like other developed countries instead ? E.g. I worked in Hong Kong for aabout 2 years and for my taxes, the Govt. already calculated everything and I just had to check some boxes. Why cannot we do that here in the United States ? And Yes, I am aware of things like complex deductions etc but still, majority of Americans don't have that problem.
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Re:FTC Is Investigating Intuit over TurboTax Practices
by vonmoltke on Tuesday September 08, 2020 @02:22PM
(#24411221)
The problem with the US tax code itself is legislation and corruption via tax policy. Enactment of tax credits and penalties is one of the few areas Congress constitutionally has almost unfettered authority. It's much easier to encourage or discourage a behavior that way than to pass conventional legislation and risk not being able to use the Get Out of Constitution Free(tm) card (aka, the Commerce Clause).