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3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say (apnews.com)

submitted 1 year ago by Odusei to c/technology

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Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years.

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[–] [email protected] 9 points 1 year ago

This is a part of a larger issue, obviously, but this specific part of the problem could easily be resolved with tax reform. The IRS knows exactly how much you owe them so why do you have to pay a 3rd party to prepare it for you? Apparently in other countries the government tells you how much you owe and you just let them know if you disagree with that amount for some reason.

But that type of tax reform won't happen because these companies dump massive amounts of $$$ into lobbying.