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Re:Killing TurboTax by brigade on Wednesday March 03, 2021 @03:24PM (#26333909)
You do realize that $1k is about 10% of the median household income tax liability?

I can't imagine the majority of people happily accept a 10% (more for half of households) tax hike, when companies already CC the IRS on all the forms they're regurgitating.

Re:Killing TurboTax by spullara on Wednesday March 03, 2021 @03:42PM (#26334162)
This statistic I think is with respect to those that owe tax rather than for all households (it excludes 1/3rd of those that file returns):

"The most recent IRS data revealed that Americans who filed taxable returns paid an average income tax payment of $15,322 in 2018. This number was calculated based on the returns of over 153 million American households who filed during that period, which included just over 100 million taxable returns."

Re:Killing TurboTax by sokoloff on Wednesday March 03, 2021 @03:31PM (#26333993)
I'm actually fairly shocked that $10K is the median income tax liability given that a substantial percentage of households pay no net federal income tax.
Re:Killing TurboTax by ska on Wednesday March 03, 2021 @05:58PM (#26336035)
It's probably median for households that pay any tax.