Comment

Trump's Key Aide Stephen Miller Follows David Duke On Twitter, And "Liked" Duke's Pizzagate Tweet

370
Orange Impostor2/15/2017 5:02:01 pm PST

re: #363 lawhawk

[Embedded content]

Trump will breathlessly talk about how his tax plan will be awesome and hurt HR Block.

Reality will be so different, because unless you’re eliminating all the credits, deductions, and exclusions, plus having the IRS send you a filled out return that you then modify, none of this will happen. You’ll still need a tax professional to do your taxes (or use tax prep software). Cutting the number of brackets doesn’t change complexity. Reducing rates wont do it either.

Even getting rid of the AMT wont completely solve things easier, but it would make it easier/cheaper for rich people to do their returns. And they’ll end up paying a lot less too.

The only way that H&R Block would be upset with Trump is if he retroactively changes the tax code at sometime in mid-March that would require a complete re-write of their software and forcing thousands of people to file amended returns.

Worked for a professional tax software company about a little over a decade ago, and remember none too fondly when the GW Bush administration did this in early 2002 as a response to 9/11 attacks. Accountants back then lost a lot of income due to the number of non-billable hours of work that incurred for them.