Live data from Hacker News

The IRS Has an Answer to TurboTax

theatlantic.com

1–10 of 56 posts

Re: The IRS Has an Answer to TurboTax

#4
About half of Americans pay no effective tax anyway, why not set a threshold say 100k a year and if you are under it you owe no federal taxes and don't have to file anything. Can make up the difference by taxing capital gains at the same rate as W2 income.

Re: The IRS Has an Answer to TurboTax

#5

About half of Americans pay no effective tax anyway, why not set a threshold say 100k a year and if you are under it you owe no federal taxes and don't have to file anything. Can make up the difference by taxing capital gains at the same rate as W2 income.

Because of the earned income tax credit. It’s involved and stupid how much welfare is done through that program.

Plus congress wants the poor idiots who vote republican to feel like taxes are a punishment otherwise how will they whip up their base.

Re: The IRS Has an Answer to TurboTax

#6

About half of Americans pay no effective tax anyway, why not set a threshold say 100k a year and if you are under it you owe no federal taxes and don't have to file anything. Can make up the difference by taxing capital gains at the same rate as W2 income.

Because of the earned income tax credit. It’s involved and stupid how much welfare is done through that program. Plus congress wants the poor idiots who vote republican to feel like taxes are a punishment otherwise how will they whip up their base.

Correction: they want all poor idiots (I include myself here) to feel like taxes are a punishment so that they will want to vote Republican.

Re: The IRS Has an Answer to TurboTax

#7

About half of Americans pay no effective tax anyway, why not set a threshold say 100k a year and if you are under it you owe no federal taxes and don't have to file anything. Can make up the difference by taxing capital gains at the same rate as W2 income.

Does the IRS have way to know all of your income?

Re: The IRS Has an Answer to TurboTax

#8

Earlier quoted context omitted.

Because of the earned income tax credit. It’s involved and stupid how much welfare is done through that program. Plus congress wants the poor idiots who vote republican to feel like taxes are a punishment otherwise how will they whip up their base.

Correction: they want all poor idiots (I include myself here) to feel like taxes are a punishment so that they will want to vote Republican.

Not just the poor idiots, but the rich idiots too. Paying taxes isn't so bad once you realize that money was spoken for from the minute it hit your checking account.

Re: The IRS Has an Answer to TurboTax

#9

Earlier quoted context omitted.

Because of the earned income tax credit. It’s involved and stupid how much welfare is done through that program. Plus congress wants the poor idiots who vote republican to feel like taxes are a punishment otherwise how will they whip up their base.

Correction: they want all poor idiots (I include myself here) to feel like taxes are a punishment so that they will want to vote Republican.

Two Santa Claus theory.
Post reply on HN