How America Got Fleeced by TurboTax

How America Got Fleeced by TurboTax
AP Photo/Paul Sakuma

Today is tax day: America's annual tradition of muddling through complex paperwork and impenetrable jargon to stay in the Internal Revenue Service's good graces.

Fortunately for us, companies like Intuit and H&R Block provide services and software like TurboTax to make the process more comprehensible. Obviously, they don't do this for free: Americans will pay the tax preparation industry around $12 billion this year for their help. But private companies must make a profit, after all.

So we taxpayers should be grateful, right?

Actually, Intuit and H&R Block and their fellows are a big reason why doing your taxes is so unpleasant.

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