Potatos_are_not_friends13 states will join the IRS direct income tax filing pilot in 2024 - The Verge
Intuit seems to be worried. Shortly after this story was published, Rick Heineman, the company’s communications VP, emailed The Verge with an aggressive statement calling the IRS’s pilot “redundant” and “half-baked.”
“The Direct File scheme is a solution in search of a problem,” he wrote, adding that it could end up “costing billions of dollars in taxpayer money.”
“Yeah you morons! Don’t use the free tools that the govt provides you! Pay us to do it!”
originaluciferhes literally pointing out the problem with their own product..."redundant","solution in search of problem", "costs taxpayers stupid money".
... dude theres 4 fingers point back at you.
And the last one is flipping him off.
spyd3rWe should be eliminating income tax, not making it easier for the government to take our money.
amniotic druidComplete pipe dream. The government is gonna take their share whether you like it or not, the only thing this changes is that big tac corporations won’t take theirs, too
Meanwhile the IRS should do what other countries do and just use the data they already have and send you a tax bill. What we currently have for like 99% of the tax paying public is a system where you get to guess if you filled out the forms correctly and then the irs, using the data it already has for you, corrects your mistakes and sometimes penalizes you for getting it wrong. All this while allowing Intuit and others to extract even more rent from people.
What’s your idea for funding the government?
How about wealth taxes instead. You know, like what we’re already doing with property taxes?
Income taxes disproportionately affect the poorest in society.
Then the solution is to make the existing income tax more progressive than it already is, not just throw it away.
More progressive, close the loopholes, fund the IRS properly so they are actually able to prosecute tax cheats (usually wealthy), set a cap on tax money that can go to the military and outlaw any tax cuts that primarily benefit the top 3 tiers within 3 years of an election.
ubermeistersWealth Tax is just income tax with different increments of tax bracketing. You sound like a dummy. Nobody said the current income tax structure needs to be retained.
Wealth and income are related, but not the same thing. Wealth is assets while Income is earnings. Wealth could come from saving/investing income, but it can also come from “unearned income” like the appreciation assets.
I personally don’t support Wealth Taxes because wherever they’ve been implements, they’ve had limited effects. I’ve yet to hear a good plan for how to execute a Wealth Tax and haven’t heard good answers for questions like, “Do we allow for depreciation of wealth?” and if so, “How do we avoid that turning into a tax loophole.” Either way, wealth and tax aren’t the same thing.
if i thought wealth and income were the same thing, I wouldn’t have listed taxation of income vs wealth as different things, which I did.
Wealth Tax is just income tax with different increments of tax bracketing.
??
To cut spending back to the point that the federal government can balance it’s budget without income tax revenue.
What would you cut
Every federal level bureaucratic agency there is.
The National Weather Service, the National Park Service, the National Science Foundation, the National Institutes of Health, the National Transportation Safety Board, etc? Yeah! What have any of those agencies ever done for us?!
How do you propose we pay for roads, military, and everything else you use?
You know there are lots of other taxes than just income tax?
Roads and car infrastructure, at least in my area, is paid for entirely through through gas and car insurance taxes, occasionally property taxes if it’s in a municipality. But income tax doesn’t pay a penny for the roads.
Downvoted for telling the truth. The original comment is still wrong but “what about the roads” crowd never seems to know that roads are almost entirely funded with gas tax. That’s what the $3.67^9 is for
that roads are almost entirely funded with gas tax
Not even close, only 41% of road spending is covered by gas taxes.
Tf I want to pay tax on subsidized dino rot? Sales tax punished poor people, properly structured income tax does not.
Consumption taxes are regressive and affect the poor more than the rich.
Income tax is just a fine charged on the company for having employees. It’s not taken from you, it’s taken from them.
Yes because companies never pass on revenue loss to their employees
That’s not true. Income is taxed against the individual. Employers are required to withhold income taxes in many cases, but it’s not “a fine charged on the company.” It is a tax on the individual’s income, withheld from the individual.
But the end result is the same. You don’t “make 50k, and lose 15k to taxes”, you just make 35k. That’s is. That’s what you make. If you want more, talk to your employer.
But the end result is the same. You don’t “make 50k, and lose 15k to taxes”, you just make 35k. That’s is. That’s what you make. If you want more, talk to your employer.
No, that’s exactly what happens. Have you ever filed a tax return? We’re not debating subjective interpretation here. You make a gross income that is then taxed by the government. The income tax that the government takes is your gross income.
Your employer is taxed on your income by “Payroll tax”, which is a tax against the employer and is not income tax:
Payroll taxes include amounts paid by both the employee and the employer to cover any federal taxes due, while income taxes specifically refer to the amount owed by the employee to cover their individual federal income taxes owed.
Source. I’m not trying to be pedantic – in your original post, you said “Income tax is just a fine charged on the company for having employees” which is objectively not true. Income tax != payroll tax.
Yes, you’re 100% factually correct. However, it’s not useful to complain about an income tax because society benefits from those services. Fundamentally, if you’re unhappy with your take home, you need to complain about your salary. And to accept that, you need to make the mental switch to believing that your pre-tax income is not actually your income.
SaltySalamanderYou can certainly tell you don't work. Income tax is taken from both you and your employer. Your employer matches what you pay.
How you gonna pay for roads?
The income tax has dick all to do with roads
You never heard of Federal Highways?
Firstly, three-quarters of highway infrastructure is funded by state investment. Even still, 82% of the entire HTF funding comes from taxes on motor fuel, not income tax.
Second, what you said doesn’t even refute my original comment. Highways and interstates aren’t roads.
First line defines it as a type of road.
Highways and interstates aren’t roads.
🤦♂️
I drive a Jeep and a mud truck, In don’t need roads.
- How to look like an uninformed moron with 1 simple statement.
A moron… sure, but uninformed, absolutely not.
I’ve been on this earth long enough to realize that income taxes are penalties on the working class for being too poor to make their money from investments or inheritance.
That’s due to the structure of the tax bracketing. It’s not inherent to taxation. If the bracketing were closer to a “wealth tax” distribution, it would be more fair than a wealth tax.
Nice! I just moved out of NY State (NYC) and down to Florida, free filing and no state income tax for me!
Moved from NY to WA a while back… fml it’s SO NICE not having state taxes.
That was one of my friend’s selling points about moving here lol I’d get raped with taxes in NYC. I would make $110k/year but I’d be lucky if I saw $85k.
Yeah, but you have to live in Florida…
The politics may suck, but everything else is wonderful down here in Miami. It’s a lot different than central and northern Florida.
This is awesome! Now the IRS just needs to send me my already completed taxes that I just verify, sign, and return, like they do in Sweden.
If they are missing something, is it easy to ammend what they send, or do you gotta start from scratch and you can only use that as a reference?
ZorgThere is no ‘scratch’, you login and practically everything is filled out. If you want to change or add something, you can do so.
Sounds awesome. Wish we had that.
Yep, it’s all a bunch of forms and you can edit the info that is prefilled.
There’s a rare few forms which still need to be sent in on paper, but most can be sent in digital form.
This is nearly how it works in Canada. I grant access from my accounting software to my Canada revenue agency account and pretty much just verify it’s correct and fill in some of the non registered investment stuff which happens to be mostly with the institution whose software I use anyways.
The software is free. It even checks my wifes to optimize the returns.
What do your wives do to be an object of interest for a tax agency?
Big only fans following.
How does that work for businesses and investments? In the UK I don’t have to do anything for taxes with my job, but if the investments in a rental property, or something like that, are over £4000 I have to do the forms.
They give you something to sign. For the majority of people, they just say “Yeah, sounds about right” and they confirm it.
For people with added complexities, they’ll do what they already currently do and add in the details you’re talking about. It’s literally win-win all around except for the tax soft company CEOs.
There’s tax preparation software companies here in Sweden too but almost only businesses use them because most individuals don’t need it.
KuroBut… why doesn’t anyone think of the millionaires :(
Intuit must be pissed.
Good. They should absolutely just fucking die. The company I mean, not the people. Some of the people should probably go to jail for a long time though.