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Traster | 10 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.

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munk-a|10 days ago

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.

netsharc|10 days ago

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".

yibg|10 days ago

In both cases though, mostly rich people.