TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry::undefined

  • hglman
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    5 months ago

    I want the rich to be taxed; the system is broken bc it allows for loopholes. 100% should just get a bill.

    • max@feddit.nl
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      5 months ago

      One doesn’t have to exclude the other. I sense the irony in saying this, being Dutch (whose country is considered a tax haven for the rich and corporations unfortunately), but we don’t have to pay for tax software at least. Worst case, you’ll pay for a tax advisor/accounted if you have a really complicated situation with shit like alimony and wish to squeeze every last cent from it.

    • Dark Arc@social.packetloss.gg
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      5 months ago

      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.

      • bamboo@lemm.ee
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        5 months ago

        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.

      • hglman
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        5 months ago

        Tax as a wealth transfer is exactly how to close the gap between rich and poor. You can see the picture but you have misunderstood how the elements relate. Not allowing the 0.1% to escape taxation is exactly what has to happen.