solstice @ solstice @lemmy.world

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515

Joined

2 yr. ago

I think the same about all these geriatric politicians. McConnell, pelosi, Biden, Trump, whoever. These are already successful (ish?) people who could be retired living the good life. But instead they stay in the shitshow holding on to power as long as possible. I don't get it.

I said I miss learning through osmosis, when you hear colleagues talking about something you may have heard of or read about but never seen in real life. So you get hands on practical real life experience on new concepts - or vice versa, teach someone else something new. You know, a healthy exchange of knowledge and ideas to help each other learn and grow. Fuck me, right?

This guy posted a 3000 word rant about how much he hates me, and he's going to need weeks to prepare for that mentally and make sure he's got the right outfit on and knows what kind of soda to offer me. Like dude wtf...

I truly enjoy a good debate "in good faith" where both parties lay out their positions and defend themselves and challenge my views. There's very little of that here. Just pure unbridled rage and astonishing ignorance.

Some of the people here are downright scary in how toxic and antisocial they are. I just got called a social vampire in another thread for having the audacity to say I personally want to return to office because I miss learning from colleagues, which just doesn't really happen when everyone is wfh. I'm pretty introverted myself but holy shit, the vitriol was intense. Unbelievable.

Don't worry, lemmy definitely beats Reddit in the socially maladjusted toxic asshole department.

man I don't want to fight about this, everyone is so fucking aggressive here and I'm sick of it.

I don't disagree but I'm confused where you think I said good software excuses lobbying against pre-prepared returns. I'm fairly certain I said the opposite.

What do you propose then, corporate execution and then toss their products in the garbage?

Intuit actually makes some really good products. I'd like to see pre-prepared returns from the irs also, with the option to update/amend at the taxpayer's discretion if necessary. That way Intuit could focus on their higher level products for bigger more sophisticated taxpayers that truly do need excellent software.

That's all pie in the sky fantasy at this point. As long as we live in a $20+trillion/year economy with fifty states, hundreds of millions of people, interstate commerce, international business, complex transactions, and so on, tax will always be complicated as fuck. Best we could do is pre-prepare tax returns from the information returns provided to the irs (W-2, 1099 etc) and allow the taxpayer to update/amend at their discretion. Which I totally support. But tax and accounting is never not going to be complicated as fuck, it just doesn't work that way.

https://www.irs.gov/newsroom/irs-announces-sweeping-effort-to-restore-fairness-to-tax-system-with-inflation-reduction-act-funding-new-compliance-efforts

The complex structures and tax issues present in large partnerships require a focused approach to best identify the highest risk issues and apply resources accordingly. In 2021, the IRS launched the first stage of its Large Partnership Compliance (LPC) program with examinations of some of the largest and most complex partnership returns in the filing population. The IRS is now expanding the LPC program to additional large partnerships...By the end of the month, the IRS will open examinations of 75 of the largest partnerships in the U.S. that represent a cross section of industries including hedge funds, real estate investment partnerships, publicly traded partnerships, large law firms and other industries. On average, these partnerships each have more than $10 billion in assets.

Believe me when I tell you a partnership with $10b assets is insane. Auditing that is extremely labor intensive and requires a ton of highly specialized skills and that all requires resources.

There's really nothing left to argue here so please just take this at face value and move on.

Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won't budge.

That's what I was paying in a small college town about twenty years ago. I doubt if we'll ever see that again. I just checked and that building isn't even there anymore. Looks like they tore it down and put in some luxury student housing (!) for around $1600/month. Wtf.

Yeah aka market correction to reach equilibrium. Nothing to see here, move along, move along.

Right, well, anyway, the IRS budget just got a huge increase under the Biden administration new budget. They're finally hiring a ton of new agents and updating their ancient tech etc. The R party fought tooth and nail against this and there's an active smear campaign to make the average person afraid they're coming after you. R's managed to reduce the budget increase which is going to reduce the IRS ability to go after the whales, as you were griping about in your original post.

Yeah this is completely normal and not at all anything to flip out about. Honestly I'm surprised the reporting threshold was ever $20k to begin with. The 1099 reporting threshold for contractors has been $600 for over a decade now so I would've assumed the same for scalpers.

It's super easy to implement, comply, and enforce this. Like almost automated levels of easy. It's significantly more complex and requires tons of resources and expertise to go after the whales as you say. Resources they just don't have. Resources that might be wasted if/when it turns out the taxpayer is fully compliant within reason.

It's not about double standards, it's purely logistics and resources - at least on the IRS side. Congress is responsible for their funding, or lack thereof, and it doesn't take long to figure out who's responsible for the lack of it. So I'd encourage you to focus your ire on the response political party, not the IRS itself.

All that happened here is they lowered the reporting threshold to cast a wider net and force people to reported income they otherwise could have just not mentioned. It's not quite like flipping a switch but it's relatively easy to comply with, and relatively easy to enforce. "Fixing taxes" is significantly more complicated, to say the least.

It's a Robin Williams joke from his special live on Broadway not long after 9/11. Legendary set

I knew ghandi. He was a prick. I saw him sucking down a pork hot dog hitting on Mother Teresa.