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[00:19:09] Apparently, concerns have been raised within the Department of Justice that this is anti-competitive because Credit Karma also started doing taxes for free. That was an existential threat to TurboTax, because why would you pay to do your taxes when you could do them completely for free? Not versus all tax returns filed.
At some other level, I step back and think about tax policy in this country dictates social policy. There'll probably be some bill in that's a protest/riot-damage bill, or something in small businesses, which'll have tax implications.
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The normal public schools, whatever you wanna call them, they're gonna face terrible budget cuts, potentially, because now, all these local governments don't have money because tax revenues are down. Now, the IRS employees may be going back to the office, but tax court is not. David Leary: [00:12:44] Yeah.
Oh, we have to talk about the Trump payroll-tax deferral. This is another example of this, that basically they're going to help the Revolut Business customers reduce their tax bills and automate their company accounts. Let's talk about economics, payroll tax, the Trump executive actions. We appreciate you! That was really crazy.
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