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The 2017 tax overhaul vastly expanded the number of people who could file simplified tax returns, a boon to millions of Americans.
But the new law directly threatened the lucrative business of Intuit, the maker of TurboTax.
Although the company draws in customers with the promise of a "free" product, its fortunes depend on getting as many customers as possible to pay. It had been regularly charging $100 or more for returns that included itemized deductions for mortgage interest and charitable donations. Under the new law, many wealthier taxpayers would no longer be filing that form, qualifying them to use the company's free software.
Intuit executives came up with a way to preserve the company's hefty profit margins: It began charging more low-income people. Which ones? Individuals with disabilities, the unemployed and people who owe money on student loans, all of whom use tax forms that TurboTax previously included for free.
(Score: 0) by Anonymous Coward on Thursday July 18 2019, @08:36PM
reform? what the fuck is wrong with you people? only cowards, idiots and whores pay the income tax. what are you sheople so scared of? they can't enforce if you don't pay them to! Are you so dumb you think it's patriotic or that it helps the country do things it's supposed to be doing? do you not pay attention to the "news"? or maybe you're just another suited whore ruining this country? don't rock the boat as long as you get yours. fuck you own grandchildren's future like a real piece of shit. i hope you fucks remember what you did when you're going stupid from the Alzheimer's you caused yourself by eating and drinking poison your whole life like a good little slave.