4 ms·
Frankly, the US' overly complicated tax code ends up backfiring. It's of course compounded by Intuit lobbying against simplified filing. For starters, there's
by alfalfasprout 6y ago
Frankly, the US' overly complicated tax code ends up backfiring. It's of course compounded by Intuit lobbying against simplified filing.
For starters, there's so much complexity to it that unless you use software like this or a CPA it's almost certainly the case you're leaving money on the table. And it also means that if you're a very high net worth individual there are a lot of loopholes that allow you to defer or significantly reduce your tax burden.