The SEC has charged Elon Musk, accusing him of defrauding Twitter shareholders of over $150 million

[jacksilver@lemmy.world]

When I started reading this I thought they were going to say how it highlights the challenges of high-profile individuals in the SEC. How can they go after Elon without a conflict of interest given he basically owns the federal government.

[catloaf@lemm.ee]

I mean, have you ever tried doing a tax return by hand? It's bad enough for me just doing it online and trying to figure out whether my education expenses count as deductible or not, or how the info on my IRA's 1099 corresponds to the fields on freetaxusa.com. For some reason, Schwab put all the info in one PDF instead of splitting it out by form.

Now multiply that by however many other accounts they have and whatever money or assets are moving around, and every movement means taxes. It's definitely orders of magnitude more complicated.

It's not "don't kill people" law, it's "does this count as a wash sale" law.

[atzanteol@sh.itjust.works]

Uh oh, the one group in America you can't fuck with - investors.

[alecsadler@sh.itjust.works]

I'd put money on it.

[jordanlund@lemmy.world]

World does not accept internal US news. You want [email protected] or [email protected]