By John Gruber
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Dylan Matthews, writing for Vox on a Senate bill passed at the behest of H&R Block lobbyists, that significantly increases the complexity of the tax forms for lower income Americans:
Think about what tax breaks are being targeted here. These are all refundable credits, which, with the exception of the college credit, overwhelmingly help low-income and working-class people. H&R Block is not pushing to make the mortgage interest deduction more complicated, or to make the charitable deduction more confusing. Tax breaks that mostly help rich people go untouched. H&R Block knows that rich people already use TurboTax or hire accountants; because it wants new business, it has decided to prey upon the poor.
In a better world, companies like H&R Block wouldn’t exist, because the IRS would fill out returns itself. But if H&R Block must exist, the least it can do is not try to actively harm poor people. Sadly, even that appears to be asking too much.
★ Wednesday, 26 August 2015