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> However there is an incentive for that 3rd part tax company to save their customer as much as they possibly can. lol. No. First of all, that myth already as
by losteric 8y ago
> However there is an incentive for that 3rd part tax company to save their customer as much as they possibly can.
lol. No.
First of all, that myth already assumes a complicated tax code which requires a for-profit middleman. We should be able to minimize our tax exposure without paying corporations.
Secondly, the vast majority of filers don't qualify for loopholes. When every tool offers the same refund, competition is for the cheapest/simplest tax experience... while the industry as a whole is strongly incentivized to create an ever more convoluted system, ensuring their yearly rent-seeking continues.