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TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry
(www.opensecrets.org)
this post was submitted on 07 Feb 2024
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So your government could do what the commenter above suggested for 99% of the population. Got it.
Because that’s what they do in my country. Your income is pre-filled, and most people don’t need to do anything other than double check it and click submit. If you want to get tax breaks for edge cases like uncovered medical care, extra schooling, travel costs as a freelancer, etc., you just follow the mostly easy steps and fill that in.
I want the rich to be taxed; the system is broken bc it allows for loopholes. 100% should just get a bill.
Loopholes aren't bad, they're incentives for companies to do certain things rather than hard requirements for companies to do certain things.
It's when it's to such an extreme no or little tax is paid that there's a problem.
Loopholes also get a bad name because many of them are carved out to target specific people, companies, and demographics in ways that aren’t helpful to society at large.