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Millions of Americans mess up their taxes, but a new law will help

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71 points toomuchtodo | 2 comments | 07 Dec 25 19:03 UTC | HN request time: 0s | source
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Titan2189 ◴[08 Dec 25 00:53 UTC] No.46187093[source]▶
> Those other countries have much simpler tax codes than we do

All German readers spew out their drink in disbelief - Pardon what?

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buckle8017 ◴[08 Dec 25 03:27 UTC] No.46187959[source]▶
I think you're vastly under estimating how complicated the us tax code is.
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1. jenadine ◴[08 Dec 25 07:16 UTC] No.46189344[source]▶
I have no idea about tha US tax code. An explanation would be welcome.
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2. buckle8017 ◴[08 Dec 25 18:11 UTC] No.46195645[source]▶
The US tax code is enormous and changes often enough that there is no human alive that has read the entire thing.

It's relatively easy to calculate the maximum someone with only ordinary income needs to pay.

However to pay less you need to understand all of the potential tax deductions, of which there are vastly more than most people realize.