Comment by Traster
6 days ago
Implied in your statement - it benefits those who can create more complex financial situations. Often the complexity of the situation is largely synthetic.
6 days ago
Implied in your statement - it benefits those who can create more complex financial situations. Often the complexity of the situation is largely synthetic.
I agree that the complex financials are generally intentionally created for sheltering and that complexity is only possible because of our overly complex tax code which has been made significantly more complex by tax preparer lobbyists from Intuit and others.
The reflex when people hear "complex" in this era: "Can we use AI for it?".
Next month's headline: "IRS signs 200-million dollar deal with Grok to use AI to analyse tax returns, determine who gets audited".
You’re thinking too far behind. They can just use the AI to generate what your taxes would’ve been.
Just have a script with “what are the taxes owed by $name” and print the output
I’ll take $5M now and you can own 50% of my startup: GenTaxAI
1 reply →
I suspect something like this may already be in place.
[flagged]
In both cases though, mostly rich people.