>The fact that TT (and H&R Block) have impressed upon reps that they will participate in Free File, it mitigates their need to make a government-sponsored program.
It's a half assed solution so they can say they did something and give them political cover.
It's difficult for me to believe that my representatives actually believe it's in my best interest to pay TurboTax $100 every year, compared to having the IRS automatically file my taxes.
On the other hard, it's easy to believe that my representatives have been cheaply bought with political donations.
Unless they're actively spreading disinformation or corrupting the vote.
The forms I get every year from the ~10 banks I have accounts with and the ~2 companies I earned a salary from are essentially just copies of forms that they also had to send to the IRS. So in principle the IRS already has the same information I do when it comes to how much tax I paid and on what income.
It is not clear to me why I have to share:
- My name
- My address
- My _social security number_
- My spouse's name
- The names of my children
- All their social security numbers, too
- How much money I made
with a for-profit company. This is information that the IRS already has. To me, this is totally unnecessary. I would much rather the government increase the IRS's budget so that they can implement services that provide any help I might need directly, rather than through a totally unrelated corporation. The IRS's job is to make sure you paid the tax you owed. They don't dictate how much tax you pay. I truly believe that with the right financial resources they can make it easier to make that payment (and correctly) for: 1) us; and 2) them.
For folks with very simple tax situations, this seems like a no-brainer. For folks with complicated situations, you are still more than welcome to talk to a tax professional for advice. But a company _doing your taxes_ for you seems unnecessary.
Wouldn't it be lovely if instead I went to www.irs.gov to file my taxes, and I was presented with a very similar interface to what for-profit companies are providing, but with the information already filled out because they already have it? Essentially, all I'd be doing is sanity-checking the inputs.
But Turbotax is free for 1040EZ filers. It's only in an instance where you would otherwise just hire a tax accountant that they charge you. In terms of SAAS pricing, it comes out to like $15/month annualized. It's a bargain IMO.
Private electronic tax filing systems (and the fees they charge) should not exist.
This is false. There's no need for 90% of people to hire an accountant to file their state tax return, for which Intuit charges.
This is false. It's plenty possible to be in neither scenario, and every year millions of Americans are.
Further, the 1040EZ system no longer exists. Tax filers often charge for "tax accountant" services like having a moderate income or filing state taxes.
This is incorrect in practice. Through dark patterns and otherwise, an extremely small minority filing without paying even if they should be “eligible” (which is itself an absurd position).
https://www.propublica.org/article/inside-turbotax-20-year-f...
Also, fuck them for charging $70 while lobbying for taxes to remain difficult to file.
You mean like the Internet?