IRS will pilot free, direct tax filing in 2024 | TechCrunch
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Direct File is a shot across the bows of Turbotax, H&R Block, and others who have resisted free and simple tax filing for decades.

IRS will pilot free, direct tax filing in 2024::Direct File is a shot across the bows of Turbotax, H&R Block, and others who have resisted free and simple tax filing for decades.

  • Reddit_Is_Trash@reddthat.comEnglish
    17·
    9 months ago

    Be cooler if we didn’t have to pay tax at all…

    At a 20% tax rate (relatively low) over a 5 day work week, you will work 1 whole day and receive ZERO money from it. It gets washed away to taxes

    • Croquette@sh.itjust.worksEnglish
      4·
      9 months ago

      You exchange that money for infrastructure and services. You think that roads build themselves with fairy dust and unicorn wishes?

    • ultrasquid@sopuli.xyzEnglish
      2·
      9 months ago

      Well have fun when your house burns down, cause the fire department certainly isn’t gonna come there without getting paid.

      • CmdrShepard@lemmy.oneEnglish
        2·
        9 months ago

        And even after you pay the fire department to come out, you’ll have to pay someone else to dig out a road to your house for the firetruck to drive on and then pay a third person to dig a trench to the nearest body of water so they’ll have something to spray on the fire.

    • CmdrShepard@lemmy.oneEnglish
      2·
      9 months ago

      We have progressive tax rates so you’ll be paying less than 20%. A simple example using your single week of work would have you paying 0% for day 1, 5% for day two, 10% for day 3, 15% for day 4, and 20% for day 5. Assuming you make $100 a day/$500 a week, this would put your tax bill at $50 for the week or 10% even though you hit the 20% bracket.