Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File...
by u678u on Wednesday July 21, 2021 @09:39AM
(#27906076)
> In 2016 alone, Intuit, the makers of TurboTax, spent $2 million on lobbying, ProPublica reports. H&R Block spent $3 million, some of it on the same efforts.
I'm not convinced $5m a year would make such a big impact.
Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File...
by jcranmer on Wednesday July 21, 2021 @10:40AM
(#27906917)
I strongly suspect that it's not the $5m/yr these companies are spending that's doing it; there's basically three other camps who push (directly or indirectly) for this:
* Special-interest groups whose preferential tax treatment might be threatened if there's a push to simplify the tax code (as having the government do the taxes for you kind of requires the taxes be simpler to do so).
* Ideologues who hate government spending but don't think that tax cuts count as spending.
* Anti-tax crusaders who want to make filing taxes painful so there's more grassroots support for cutting taxes. (Think Grover Norquist here).
Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File...
by LanceH on Wednesday July 21, 2021 @09:44AM
(#27906147)
TurboTax is buying influence...who is selling? They are the problem.
Lobbyists were supposed to be for promoting the interests of small groups that might not have the representation among a politicians constituents to warrant paying attention to. Instead we have rampant and excessive spending by corporations that lobby to keep their monopolies over segments of the market that harm American citizens.
- https://www.nbcnews.com/business/taxes/turbotax-h-r-block-sp... - https://www.propublica.org/article/filing-taxes-could-be-fre... - https://abcnews.go.com/Business/turbotax-lobbies-lawmakers-t...