I just finished my taxes. In a way it astounds me that I pay something like $50 to buy software to help me do my taxes. If taxes were invented today, the government would have to be responsible for creating a tool to make it possible for me to understand and file my taxes, it would simply be expected. But since taxes have been around long before software and the internet, it was up to private companies like Intuit and H & R Block to come up with the brilliant ideas to create the software to help a person file their taxes. It would be interesting to know how tax software has changed how much people pay in taxes. Do people really pay less? Or do they pay more? How much is spent on tax software? Have some accountants been put out of business by tax software? Do people put more into IRAs now because the tax programs can show them how much less they'll pay in taxes?
If things have changed because of the introduction of software like TurboTax and TaxCut what further changes will we see 10 years or 20 years from now?
Wednesday, March 26, 2008
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