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

  • hglman@lemmy.ml
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    11 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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      11 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.

    • grayman@lemmy.world
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      11 months ago

      Over 90% of tax revenue is collected from less than 10% of the population. Tax the rich is a campaign lie. It already happens. About 50% of adults pay net 0% or get out more than they put in.

      The middle class is shrinking and the wage gap is getting worse partly because of the progressive tax system. Only the top 0.1% have the ability to not care about taxes. And even if you taxed them at 100%, they have the tools and money to avoid paying taxes on the vast majority of their wealth.

      • hglman@lemmy.ml
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        11 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.