r/nextfuckinglevel • u/matori_tester • 1d ago

Billionaire speaker Robert F. Smith tells 400 graduates he's paying off all their student loans ($40 million in total)

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u/vertigo1083 1d ago

The vast majority of the country does their taxes through services like H&R block and Turbotax. They stay ignorant because it's easier to just automate it for themselves every year. I'd be willing to bet that if you went out into a city street and asked 100 people how a tax deductible works-

More than half will be wrong. And a good amount of the wrong ones will be staunchly confident in their knowledge.

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u/granular_grain 1d ago

It doesn’t help that the U.S. tax code is unnecessarily complex and guess who lobbies to keep it that way, you guess it, places like H&R Block.