Hacker News with Generative AI: Taxes

Trump Reportedly to Do Away IRS Direct File Program for No Discernible Reason (techdirt.com)
For three years now, a select group of states have had a pilot program through the IRS for its Direct File program.
Politics, Taxes, Government
20 points by beardyw 8 days ago | 2 comments
Intuit, Owner of TurboTax, Wins Battle Against America's Taxpayers (prospect.org)
For nearly three decades, a cold war has raged through the halls of Congress and in high-end shellfish restaurants perched precariously on Washington, D.C.’s southern coast. The battle lines have shifted between successive administrations, sometimes tilting toward proletariat victory, and sometimes cutting fast toward total surrender to corporate America.
Politics, Taxes, Business, Lawsuits
456 points by leotravis10 8 days ago | 228 comments
IRS making plans to rescind Harvard's tax-exempt status (cnn.com)
IRS, Taxes, Harvard University, Non-Profit Organizations
26 points by ironyman 9 days ago | 5 comments
Trump admin plans to end the IRS Direct File program for free tax filing (apnews.com)
Politics, Taxes, Government, IRS, Technology
46 points by breadwinner 9 days ago | 20 comments
I Fought the IRS for Over $12K and won (mikekasberg.com)
This is a story about how I overpaid my 2021 taxes due to an error in TurboTax and spent nearly three years trying to recover more than $12,000 from the IRS! I began writing this back in 2022, in the midst of frustration with TurboTax and the IRS, but waited to finish writing and publish it until I knew the ending.
Taxes, Finance, Personal Finance, Legal Issues
50 points by LorenDB 12 days ago | 96 comments
Open guide to equity compensation (github.com/jlevy)
Stock options, RSUs, taxes — read the latest edition: www.holloway.com/ec
Finance, Equity Compensation, Stock Options, Taxes
656 points by mooreds 12 days ago | 297 comments
No state has axed its income tax in 45 years; 2 Southern states plan to do so (apnews.com)
No state has axed its income tax on wages in 45 years. Now 2 Southern states are on a path to do so
Taxes, Politics, Economy, Southern States, United States
8 points by JumpCrisscross 18 days ago | 1 comments
US tax return filings drop by nearly 1M, extension requests rise (cnn.com)
Taxes, Economy, Government
67 points by MilnerRoute 19 days ago | 58 comments
Earners vs. Owners (profgalloway.com)
It’s tax season in the U.S. Sixty-million-plus Americans’ taxes are so simple, the IRS could process them automatically and just send a bill or refund check. Instead, the average American spends $270 and 13 hours filing their taxes each year. Spoiler alert: The IRS is the least popular federal agency.
Taxes, Finance, Economics
22 points by Brajeshwar 21 days ago | 0 comments
Immigrants pay 19.2% of taxes in the United States, more than $650B (elpais.com)
Immigration is not only a fundamental part of American history; it is an inherent part of the social and economic fabric of the United States and is key to the country’s future.
Immigration, Taxes, United States
10 points by PaulHoule 34 days ago | 0 comments
American pharmaceutical companies aren't paying tax in the U.S. (cfr.org)
The 2024 10-K reports of America’s largest pharmaceutical companies show that they continue to avoid paying much, if any, U.S. corporate income tax.
Taxes, Pharmaceuticals, Business, Finance, United States
60 points by luu 39 days ago | 46 comments
Buy, Borrow, Die – How to be a billionaire and pay no taxes (theatlantic.com)
America’s superrich have always found ways to avoid paying taxes, but in recent years, they’ve discovered what might be the mother of all loopholes. It’s a three-step process called “Buy, Borrow, Die,” and it allows people to amass a huge fortune, spend as much of it as they want, and pass the rest—untaxed—on to their heirs. The technique is so cleverly designed that the standard wish list of progressive tax reforms would leave it completely intact.
Taxes, Wealth Inequality, Finance, Law
10 points by pseudolus 40 days ago | 2 comments
Several states seek end to property taxes (foxbusiness.com)
As Tax Day nears, fiscally conservative leaders in several states are pushing to abolish property taxes, with one Pennsylvania lawmaker arguing that homeowners shouldn’t have to "pay rent" to the government.
Politics, Taxes, Real Estate
5 points by walterbell 42 days ago | 11 comments
The failure of the land value tax (worksinprogress.co)
Land value taxes are once again becoming a popular all-purpose solution to housing issues. But implementing them in the early 1900s Britain destroyed the then-dominant Liberal Party.
Real Estate, Taxes, Politics, History
45 points by eamag 44 days ago | 81 comments
DOGE's Cuts to the IRS Threaten to Cost More Than Doge Will Ever Save (propublica.org)
The Trump administration claims gutting federal agencies will save money, but cutting the IRS means the government collects less taxes. “If you’re interested in the deficit and curbing it, why would you cut back on the revenue side?” one expert asks.
Taxes, Government Spending, Economics, US Politics
38 points by danso 48 days ago | 9 comments
Ask HN: How do you handle VAT / Sales Tax accounting as B2C SaaS? (ycombinator.com)
Hey! I run a B2C SaaS and I use Stripe for all of my sales (subscriptions).
SaaS, Business, Accounting, Taxes
96 points by throw_1VJ51pMb 49 days ago | 86 comments
Musk ally is moving to close office behind free tax filing program at IRS (theguardian.com)
An Elon Musk ally installed in the US government said in a late night email going into Saturday that the office behind a popular free online tax filing option would be shuttered – and its employees would be let go.
Politics, Taxes, Government, Technology
91 points by rntn 55 days ago | 4 comments
Trump official calls Social Security 'wrong' with groundwork for cuts (independent.co.uk)
Donald Trump and Elon Musk are ramping up baseless claims that tens of millions of dead people are collecting Social Security payments, laying the groundwork to cut out “waste” and “fraud” as they look to make dramatic cuts for some of the most expensive programs in the federal budget to pay for astronomical tax cuts for America’s wealthiest households.
Politics, Social Security, Government Spending, Taxes
23 points by throw0101a 64 days ago | 14 comments
Musk Team Seeks Access to IRS System with Taxpayers' Records (nytimes.com)
The Internal Revenue Service is preparing to give a team member working with Elon Musk’s so-called Department of Government Efficiency access to sensitive taxpayer data, people familiar with the matter said.
Politics, Government, Privacy, Data Security, Taxes
21 points by 2OEH8eoCRo0 68 days ago | 9 comments
The European VAT Is Not a Discriminatory Tax Against US Exports (taxfoundation.org)
The Trump administration has once again floated the idea of “reciprocal” tariffs on foreign countries.
International Trade, Tariffs, Taxes, Politics, Economics
179 points by dzogchen 69 days ago | 379 comments
Trump Will Seek to End Carried Interest, Expand Salt in Tax Bill (bloomberg.com)
President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including ending the carried interest tax break used by private equity fund managers and expanding the state and local tax deduction.
Politics, Taxes, Finance, Legislation
6 points by blindriver 78 days ago | 5 comments
IRS using AI to make sure people aren't playing the system (2024) (cbsnews.com)
Your 2023 taxes are due in a few weeks, and now the Internal Revenue Service is using a new artificial intelligence tool to make sure people aren't playing the system.
Artificial Intelligence, Government, Taxes
9 points by zo1 79 days ago | 6 comments
Move your company out of Delaware to Nevada or Texas (eladgil.com)
Delaware, with a population of less than 1 million people, is home to over 1.8 million business entities, including more than 60% of Fortune 500 companies.
Business, Finance, Legal, Taxes, State Government
11 points by eladgil 79 days ago | 4 comments
Musk Says He's 'Deleted' Popular Free IRS Tax Filing Program (thedailybeast.com)
President Trump’s “special government employee,” Elon Musk, announced on Monday that he has dissolved the Internal Revenue Service’s free file program, effectively firing the staff who worked on the popular program.
Politics, Taxes, Elon Musk, Government
63 points by standardUser 81 days ago | 12 comments
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3B in Income (truthout.org)
Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.
Taxes, Business, Tesla, Elon Musk
318 points by cdme 84 days ago | 236 comments
IRS Expands Its Free Tax Filing Option (nytimes.com)
Tax season opens Monday, and the Internal Revenue Service has announced that it has expanded its free online system for filing 2024 returns directly with the federal government.
Taxes, Government, IRS, Finance
24 points by tech234a 91 days ago | 5 comments
Ask HN: Would you make every country have a wealth tax like Sweden used to (ycombinator.com)
I know that Sweden abolished it in 2007 because so many companies / individuals left Sweden, however, if there was a button that reinstated it for EVERY country in the world, would you press it and why/why not?
Taxes, Economics, Wealth, Politics, Global Policy
8 points by upmind 102 days ago | 42 comments
Spain proposes 100% tax on homes bought by non-EU residents (theguardian.com)
Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.
Spain, Real Estate, Taxes, Housing Crisis, European Union
162 points by vinni2 102 days ago | 265 comments
What foods are taxed in the UK (gov.uk)
Find out which types of food are zero-rated and which are standard-rated for VAT purposes.
Taxes, UK, Food, VAT
7 points by mayakacz 103 days ago | 1 comments
Tax Heaven 3000, a dating SIM that prepares your federal taxes (taxheaven3000.com)
Do your federal taxes while Romancing your waifu!
Dating Sim, Taxes, Video Games
112 points by crazyexoticrain 108 days ago | 22 comments