Readit News logoReadit News
azog_alone commented on Killing TurboTax   kunle.app/feb-2021-how-to... · Posted by u/kunle
bob1029 · 5 years ago
"Killing TurboTax" is essentially a meme until we meaningfully simplify the tax code.

There is no software development team on earth who could catch up with the full capabilities of TurboTax without some sort of fundamental shift in the business. I really hate to say this as someone who makes a living out of it, but dealing with the current amount of complexity in the tax code with a piece of software that a non-expert could use is virtually impossible.

For the happy path (i.e. single individual, no dependents, no investments, no retirement, rents home), you could certainly build an application that handles these scenarios. The moment you factor in individuals who are bringing stock sales, multiple investment properties, ownerships/K1s and other complex scenarios to bear, its a different hellscape altogether.

Also don't forget that most states have their own independent tax codes as well, which further complicate matters. There's difficulty multipliers all over this problem domain, and you can be certain that the lobbyists employed by Intuit, et. al. are encouraging this.

azog_alone · 5 years ago
The reason the tax code is so complicated is BECAUSE OF TurboTax. They lobby heavily to keep things complex and have brought down potential competitors through legal means.

As such, "killing TurboTax" is the correct first step.

u/azog_alone

KarmaCake day12December 18, 2020View Original