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None of those tweets are about tax prep. They are about him personally wanting to pay less taxes. If Elon wanted he could fund an opensouce alternative to Turb
by ProcNetDev 2y ago
None of those tweets are about tax prep. They are about him personally wanting to pay less taxes.
If Elon wanted he could fund an opensouce alternative to Turbotax.
I am willing to bet 1k that Intuit's 2024 TurboTax Online and other Consumer Group revenue of
$4.4 billion will remain above 4B in 2025.
- olalonde 2y agoSimplifying the tax code is about tax prep. The simpler the tax code, the simpler to file. Though what you say about him wanting to lower taxes is possibly true, none of those posts are about that.
- ProcNetDev 2y agoHow so? You don't pay TurboTax per regulation. You pay them a flat fee to file your taxes. I might buy that line of thinking for a corporation but the direct file program was about individuals. Elon gleefully tweeted about how that had been deleted. That's a direct give away to TurboTax and H&R Block.
- chowchowchow 2y agoI like how the dude you’re replying to is parallelizing being wrong about this in every reply thread.
- scarab92 2y agoYou're solving the wrong problem. The issue isn't direct file vs TurboTax. It's whether most individuals should have to file at all. A few tweaks around employment income and capital gains, and you can do away with filing altogether for most people.
- ProcNetDev 2y agoI am willing to wager that the IRS will continue to exist.
- scarab92 2y agoObviously, but most normal people won't have to interact with them.