6 ms·

Ntuit shares fall after report that gov't efficiency team is considering tax app

12 points by elsewhen 2y ago

RyeCombinator 2y ago
Have never seen Intuit referred to as Ntuit.
- jfengel 2y ago
  The original headline: Intuit, H&R Block shares fall after report that Trump government efficiency team is considering tax-filing app That probably had to be trimmed to fit HN's requirements, but removing that initial I is a step too far.
deleted 2y ago
[deleted]
downrightmike 2y ago
Great, I wished they'd just auto file like a sane country and only need to to anything if you want to send in an adjustment.
- jfengel 2y ago
  American taxes are probably too complicated to do that in general. It might serve for about 50-60% of filers, but that's a lot of people who would have to adjust it. It might well be worth redesigning the tax code in order to make that simpler. That would be a lot of work, because we've spent a long time tuning the tax code to encourage and discourage various behaviors. Cutting those off cold turkey would really leave some people in the lurch. But in the long run it could be a significant improvement.
nitwit005 2y ago
Sounds suspiciously like they want to take credit for IRS Free File, which Republicans often opposed.
- ignoramceisblis 2y ago
  Ridiculous partisan allegation. You do know that they want to drastically simplify the tax code, correct? From @DOGE itself: In 1955, there were less than 1.5 million words in the U.S. Tax Code. Today, there are more than 16 million words. Because of this complexity, Americans collectively spend 6.5 billion hours preparing and filing their taxes each year. This must be simplified. https://x.com/DOGE/status/1857993918526480545 https://x.com/DOGE/status/1857993918526480545
  - nitwit005 2y ago
    What do you think they're proposing instead, specifically? Creating a duplicate tax app? That hardly sounds like a department of government efficiency proposal. Just about every politician (and they are politicians now) says they want a simpler tax code. Those statements do not appear to correlate with results.
ycombinatrix 2y ago
"Ntuit"?

12 points by elsewhen 2y ago

RyeCombinator 2y ago

Have never seen Intuit referred to as Ntuit.

jfengel 2y ago
The original headline: Intuit, H&R Block shares fall after report that Trump government efficiency team is considering tax-filing app That probably had to be trimmed to fit HN's requirements, but removing that initial I is a step too far.

deleted 2y ago

[deleted]

downrightmike 2y ago

Great, I wished they'd just auto file like a sane country and only need to to anything if you want to send in an adjustment.

jfengel 2y ago
American taxes are probably too complicated to do that in general. It might serve for about 50-60% of filers, but that's a lot of people who would have to adjust it. It might well be worth redesigning the tax code in order to make that simpler. That would be a lot of work, because we've spent a long time tuning the tax code to encourage and discourage various behaviors. Cutting those off cold turkey would really leave some people in the lurch. But in the long run it could be a significant improvement.

nitwit005 2y ago

Sounds suspiciously like they want to take credit for IRS Free File, which Republicans often opposed.

ignoramceisblis 2y ago
Ridiculous partisan allegation. You do know that they want to drastically simplify the tax code, correct? From @DOGE itself: In 1955, there were less than 1.5 million words in the U.S. Tax Code. Today, there are more than 16 million words. Because of this complexity, Americans collectively spend 6.5 billion hours preparing and filing their taxes each year. This must be simplified. https://x.com/DOGE/status/1857993918526480545 https://x.com/DOGE/status/1857993918526480545
- nitwit005 2y ago
  What do you think they're proposing instead, specifically? Creating a duplicate tax app? That hardly sounds like a department of government efficiency proposal. Just about every politician (and they are politicians now) says they want a simpler tax code. Those statements do not appear to correlate with results.

ycombinatrix 2y ago

"Ntuit"?