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Not a great comment, but I misread the title and was really interested in what the Inuit people had against easier taxes. Edit: I love how this is getting downvoted really fast. I feel like everyone is skimming and misunderstanding what I said :D
Intuit is such an evil company. Now that I've moved to Germany, I know what it feels like not to have to file every year (I still have to for the US but it's trivial now due to FIEC). There's nobody hounding you here, no stress regarding your taxes unless you're filing for a return or have extenuating circumstances, and even then there's a government-provided online portal for direct communication with the Finanzamt…
But only für employees! As an independent or small company owner you have todo it every year.
Interestingly enough, the self-employed actually make up a smaller percentage of total employment in the US at 6.1%. So if the US were to adopt a similar system, it'd be closer to 15 out of 16 Americans.
Anyone got a tldr for a Brit staring at a paywall?
Then in the UK if you have more complex tax affairs, then you have to fill in a self assessment on the government portal (where it already knows most of your tax information, and you are pretty much just making disclosures).
And it's VERY rare that people have to hire an accountant (only for people who own businesses, or individuals with the moxt complex tax affairs).
Well in the USA they don't have any of that, and everyone has to file their own taxes. The USA has the capability to do automated tax like in the UK, however the companies who sell the tax software petitioned the government to make sure that they didn't implement it so they can continue to get $$$ out of everyone else.
California tried to save the country from gasoline cars, then Ford and Chrysler stepped in and ended up bankrupting General Motors. This is a common theme with big businesses. Instead of complying with "make people's life easier" initiatives they just pay off the politicians.
I hate wasting at least a day if not more of my life every year filing. As time goes on and i have more assets the time to file goes up as well and gathering all the required documents with every bank having different timelines is a nightmare. But what can I do about it? I would imagine if it went to a vote overwhelmingly people would say no I don’t want to file like this every year. But here we are and honestly I do…
If you have all these assets and your time is valuable I imagine you can cough up a few $ to pay a local tax accountant. I do this for my single member company, it costs $150 each year. Very worth it and a small price to pay. They even do a quick review of my books. At this point I am familiar enough with all the forms that I could probably do it myself in less than an hour. But I don't mind supporting the accountant…
Not a great comment, but I misread the title and was really interested in what the Inuit people had against easier taxes. Edit: I love how this is getting downvoted really fast. I feel like everyone is skimming and misunderstanding what I said :D
Intuit's business model is making tax preparation easier. If tax preparation wasn't so deliberately complicated in the US, they would no longer have a viable business model.
At the risk of being a non-popular opinion, I don't find tax filing to be particularly difficult. Maybe its because my job is to solve pretty hard problems all day. But the average person/family who doesn't itemize have a Sched C, it's quite easy. The thing to understand about filing is that (particularly for W2 wage earners) you're not telling the Government how much you made and how much you owe. They know that alr…
Dutchie here, never had an issue with tax returns in my country. You just go to the website, fill it in, done. I don't get the context at all. Is the ELI5: CA wanted to create their own tax return software. Intuit said no, and now they use Intuit or something? Normally I understand context and such, but in this case: isn't it the obvious thing to do? Does the USA not have the back of their citizens? I'm sorry to say…
Intuit is such an evil company. Now that I've moved to Germany, I know what it feels like not to have to file every year (I still have to for the US but it's trivial now due to FIEC). There's nobody hounding you here, no stress regarding your taxes unless you're filing for a return or have extenuating circumstances, and even then there's a government-provided online portal for direct communication with the Finanzamt…
HEY! Fellow US ex-pat here in Germany. I do use germantaxes.de which offers a hand-holding experience and all in English but the fact that there's a simple government provided solution is how it should be. All this hate towards FB and others but we really should be reigning in the likes of Intuit because filing taxes should not cost anything for simple W-2's. I recall reading that in Japan if you have just wage incom…
Earlier quoted context omitted.
> They know that already and calculate it. Why waste people's time with this stuff then?
Real talk though, how are they going to know that you bought an energy efficient AC unit for your house that you can deduct off your taxes?