• Something We Take For Granted In NZ ...

    From Lawrence D'Oliveiro@21:1/5 to All on Wed Mar 13 02:18:46 2024
    ... is being able to file our taxes online for free. Compare the US,
    where private companies have a nearly-complete stranglehold on online
    tax preparation, to the point where “free” services that they are
    required by law to offer to people get ringed around with traps to
    extract money from the unwary. And the tax-preparation software
    companies employ powerful lobbyists to ensure the situation never
    improves.

    <https://arstechnica.com/tech-policy/2024/03/irs-free-tax-filing-service-now-available-but-most-people-dont-qualify/>.

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  • From Crash@21:1/5 to ldo@nz.invalid on Thu Mar 14 06:48:07 2024
    On Wed, 13 Mar 2024 02:18:46 -0000 (UTC), Lawrence D'Oliveiro
    <ldo@nz.invalid> wrote:

    ... is being able to file our taxes online for free. Compare the US,
    where private companies have a nearly-complete stranglehold on online
    tax preparation, to the point where free services that they are
    required by law to offer to people get ringed around with traps to
    extract money from the unwary. And the tax-preparation software
    companies employ powerful lobbyists to ensure the situation never
    improves.

    <https://arstechnica.com/tech-policy/2024/03/irs-free-tax-filing-service-now-available-but-most-people-dont-qualify/>.

    That is primarily because taxation in general in the USA is
    extraordinarily complex. As a minimum, tax is paid at county/city,
    state and federal levels. When I lived there 30-odd years ago in my congressional district, federal taxpayers could claim mortgage
    interest for 1983-1987 (only) as a tax-deductible expense. One of my colleagues reported that his Federal and State tax return comprised of
    43 pages in total, most of which was supporting documentation. This
    is the sole reason that an industry evolved around tax return
    preparation for individuals.

    We do not have anywhere near such complexities - long may that
    continue


    --
    Crash McBash

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  • From Gordon@21:1/5 to Crash on Wed Mar 13 22:19:07 2024
    On 2024-03-13, Crash <nogood@dontbother.invalid> wrote:
    On Wed, 13 Mar 2024 02:18:46 -0000 (UTC), Lawrence D'Oliveiro
    <ldo@nz.invalid> wrote:

    ... is being able to file our taxes online for free. Compare the US,
    where private companies have a nearly-complete stranglehold on online
    tax preparation, to the point where “free” services that they are >>required by law to offer to people get ringed around with traps to
    extract money from the unwary. And the tax-preparation software
    companies employ powerful lobbyists to ensure the situation never
    improves.
    <https://arstechnica.com/tech-policy/2024/03/irs-free-tax-filing-service-now-available-but-most-people-dont-qualify/>.

    That is primarily because taxation in general in the USA is
    extraordinarily complex. As a minimum, tax is paid at county/city,
    state and federal levels. When I lived there 30-odd years ago in my congressional district, federal taxpayers could claim mortgage
    interest for 1983-1987 (only) as a tax-deductible expense. One of my colleagues reported that his Federal and State tax return comprised of
    43 pages in total, most of which was supporting documentation. This
    is the sole reason that an industry evolved around tax return
    preparation for individuals.

    We do not have anywhere near such complexities - long may that
    continue

    David Seymour is helping this by promising fewer tax brackets. (Heading
    towards a flat tax rate)

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