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Cake day: July 17th, 2023

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  • If you don’t have capital gains taxes or deferred tax deductions, doing your taxes is really easy.

    That said, this is a way to stop providing free services that private companies want to get paid to do. HR Block makes billions from people who are either too lazy or too bad at math to do simple stuff. Real accountants earn their living on complicated taxes, but millions of Americans can do a 1040 EZ, which takes about 5 minutes to fill out.

    The statistics show that even though 70% of Americans are eligible to file for free with the IRS tools, only 3% actually use that tool to file for free. So I’m not sure how much business is even being lost here.

















  • "and we will give you among the lowest taxes of any nation on earth,”

    Ummm, I’m pretty sure most manufacturers care way more about wages than taxes. Taxes are important in white collar businesses or between areas with similar wages. But the wages of a US factory worker are much higher than a worker in China. They are likely higher than in EU, too, though maybe not by as much.

    Is the plan to bring low-wage jobs to the US? Or is the plan to pay higher wages for the same job and pass the cost to the consumer? Or is the plan to add tariffs that get passed on to the consumer? Because I’m not really seeing how this helps anyone.