Earlier quoted context omitted.
Why is profitability important for a government-run entity?
Because we pay for it. So it should be run without egregious cost overruns, huge administration costs and old technology.
TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
451–460 of 466 posts
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#452Earlier quoted context omitted.
You know, there’s a paper form you can fill out and send in for free if you’re that angry about it.
What form? do you mean just sending letters to my reps?
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#453Earlier quoted context omitted.
So maybe this one should be allowed. Other government competition with private enterprise is not so clear. Paving roads? Providing medicine? Delivering packages? Its been a rocky road.
but if private enterprise is more efficient than govt, what do they have to fear?
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#454Earlier quoted context omitted.
I am tired of for-profit companies hamstringing government using bribes to representatives and funding lobbyists from delivering inexpensive or free services to citizens. If someone wants to pay TurboTax, that is fine. If someone wants to continue to support their efforts to stymie government from delivering said services for free, they should be tarred and feathered. Intuit's tax products are regulatory capture, pla…
Why are you solely blaming the companies? Are the government officials doing their jobs? If the government officials are being corrupt by accepting lobbying money and helping the corporations; they are as much (if not more) to blame for the situation as "for-profit companies". At least, for-profit companies exist to make a profit. The government, on the other hand, exists to defend the citizens.
> The government, on the other hand, exists to defend the citizens.
Never a truer word spoken.
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#455Earlier quoted context omitted.
At a 15% rate, that's only 140k in capital gains. Significant, but hardly "balling" if it's a one-time event.
What world do you live in where $140k in gains on an investment is not a huge amount of money?
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#456Earlier quoted context omitted.
I don’t know about social security but the claim that Medicare is more efficient than private insurers is not correct. It only appears to be so due to accounting procedures that do not expense services from other govt agencies on Medicare’s pnl. So for example, a different department of the government handles billing, all the costs therein are not included in Medicare’s bottom line, thus inflating its efficiency.
https://www.politifact.com/truth-o-meter/statements/2017/sep... (Comparing administrative costs for private insurance and Medicare) Medicare is still more efficient than private insurance, even allowing for Social Security handling a lot of the administration you mention. Social Security must exist, and must provide the services it does, so you would of course rely on their infra if you're Medicare.
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#457Free File: Do Your Federal Taxes for Free https://www.irs.gov/filing/free-file-do-your-federal-taxes-f...
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#458Earlier quoted context omitted.
https://www.politifact.com/truth-o-meter/statements/2017/sep... (Comparing administrative costs for private insurance and Medicare) Medicare is still more efficient than private insurance, even allowing for Social Security handling a lot of the administration you mention. Social Security must exist, and must provide the services it does, so you would of course rely on their infra if you're Medicare.
So the government is incredibly inefficient at everything... except health insurance?
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#459Earlier quoted context omitted.
Isn't skat more like treasure that's also used for people? At least that's how it is in Norwegian. No idea why taxes use the same word, it sure so in Norwegian too.
In Holland we have the word schat which also means treasure (and loved one). As an extension of schat we also have schatkist , which means treasure chest, which is also used as the translation for treasury. When I look up the meaning of schat the dictionary says: A large collection of valuables. I see how an organization gets named after the very thing they are supposed to handle.
The danes have chosen to name their tax authority not "skat authority" or something like that, just "skat" which evokes the friendly/funny pun.
Re: TurboTax’s 20-Year Fight to Stop Americans from Filing Taxes for Free
#460Earlier quoted context omitted.
”unless I pay them $1000 to publish the name of my LLC in two public newspapers for six weeks, one daily newspaper and one weekly newspaper” Reading that as “one daily newspaper and one weekly newspaper”, that would be 6 (weeks) times at least (6 + 1) = 42 adverts in a newspaper (I can also read it as “2 public, one daily and one weekly”. That would increase the number of adverts). Price per advert would be about $25…
I think the law made sense in the past so that the formation of a company would be well-known and not a secret. Now that everything is available online, less so. That the publication servicing companies know you exist, advertise directly to you because of that, and need no other information than your payment to do the publication is proof that the law is no longer useful.
That likely still is true, but less so (fewer people subscribe to papers), and the assumption that people who read the paper would spot your advert probably only held back in the time when papers had reasonably small coverage (so that your advert wouldn’t appear in a large section of the paper, but stand on its own), and were about the only source of news (which made them much better read)