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Direct File was a huge improvement to our tax system that finally broke TurboTax's horrible rent-seeking stranglehold on tax prep in the United States.
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Elon Musk
@elonmusk
That group has been deleted x.com/alx/status/188…
David Watson 🥑
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You see how it’s a source of potential abuse and even unintentional but hugely damaging mismanagement right? There should be competing incentives
Seems DirectFile is still up. It’s the working group that was removed. DirectFile is an unambiguous good that was created by law so they better not break it.
The real question is why is turbotax the only company that can provide this service? It’s a privilege given to them.
Disagree. There is a unresolvable conflict of interest when the government makes taxes rules (complex) then 'offers' to do them for you. "Show me the incentives and I'll show you the outcome"
I think that stranglehold comes from the US congress who refuse to simplify the tax code.
Do you have any idea how life works? - there are dozens of companies that write tax preparation software - all that software costs the US government zero - there are several free/near free tax filing options - the Direct File program costs the government somewhere between $50 to
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Step 1 is delete. Step 2 is replace it with something way better. This is what Elon has done at SpaceX and Tesla for 20 years yet everyone freaks out every time
Moron, you're lying POS. The only thing is wasting taxpayers' money to pay for inefficiency and for sure a terrible product in Direct File. So many damn limitations are associated with Direct File. Telling people who know nothing about taxes to do it themselves so they will pay
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Turbo Tax does something AI can do for completely free for anyone with tax affairs that simple. Businesses like Turbo Tax may not even exist any more in a few years. A lot of this hysteria will look really stupid in the fullness of time.
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