this post was submitted on 07 Feb 2024
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TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry (www.opensecrets.org)
submitted 9 months ago by [email protected] to c/[email protected]
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TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry::undefined

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[–] [email protected] -2 points 9 months ago (1 children)

Loopholes aren't bad, they're incentives for companies to do certain things rather than hard requirements for companies to do certain things.

It's when it's to such an extreme no or little tax is paid that there's a problem.

[–] [email protected] 4 points 9 months ago

Loopholes also get a bad name because many of them are carved out to target specific people, companies, and demographics in ways that aren’t helpful to society at large.