Because software companies spend so much money to make sure you can’t.
Why you can’t do your taxes in five minutes
2 thoughts on “Why you can’t do your taxes in five minutes”
Comments are closed.
Because software companies spend so much money to make sure you can’t.
Comments are closed.
Really? I’ve been doing my own taxes since 1968 (pig era), and it takes me about five minutes.
Now if that statement were about software in general, I’d have no argument. It’s a feature, not a flaw.
Maybe it’s time to give the Republicans the flat tax they keep asking for. No deductions and no credits and everyone pays the same percentage. You want a big house and big mortgage? Fine – no deduction. You want nine kids? Fine – no deduction. You want to give half your money to your church? Fine – no deduction. 20% off the top with no tax forms and no returns. End of problem.
Of course, everyone needs a certain amount to live on, and a flat tax is proven regressive which adversely and disproportionately impacts the poor; so – the first $60K each year is tax free. Everything over the first sixty grand is subject to withholding, and no opportunities to get it back. Note that this would apply to all income: wages, salaries, tips, commissions, bonuses, stock options, capitol gains, etc. Intuit will just have to focus on other accounting software.
The only other factor to consider is medical deductions, so we’ll need the single-payer program so nobody goes without medical care and nobody goes broke paying for it. Mitt Romney gets the same $60K write as me and we both pay the same percentage for everything over that amount. And we both have the same medical insurance. Seems fair.