Why intuit pay is so low

Jun 4, 2021 13 Comments

It is fintech, it has good products and big user base, but why the pay for their engineers is so low

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TOP 13 Comments
  • It might be FinTech but it’s like the Oracle or IBM of FinTech. They make all their money from lobbying the shit out of the government to keep taxes complicated.
    Jun 4, 2021 3
    • You know I would give Intuit credit there, but it really doesn’t handle complicated tax scenarios well at all. I had backdoor Roth, and had to deal with a multi state return and it was a huge pain to do, in terms of the time spent it would have been far better to just pay someone. I’m confident that I did things wrong in my return with TurboTax this year. The post is that regular people with just basic income and maybe investments don’t need TurboTax. For complicated scenarios sure they can use software or pay an accountant.

      Another thing Intuit did is they petitioned the IRS to not create their own free tax filing software by saying that they would offer a free tier. Intuit intentionally hurt the SEO of their free tier so that users would find one of the paid options and pay for that. There’s actual evidence of this with their robots.txt file [1]. To be fair it’s not just Intuit, H&R Block is also guilty of this.

      Then there was actually a competitor that was completely free, Credit Karma. But then Intuit acquired them, so who knows what’s going to happen to that.

      https://www.propublica.org/article/turbotax-deliberately-hides-its-free-file-page-from-search-engines
      Jun 6, 2021
    • Intuit
      pew-pew

      Go to company page Intuit

      pew-pew
      I totally agree that there are limitations with the tax software especially for more complex situations. I just want to point out that even if the government offers to do taxes for you, that it wouldn’t mean tax software and experts wouldn’t still be needed.

      As for Credit Karma, I believe it was split during acquisition so that Credit Karma’s tax side had to be divested for Intuit to acquire Credit Karma.

      https://www.justice.gov/opa/pr/justice-department-requires-divestiture-credit-karma-tax-intuit-proceed-acquisition-credit
      Jun 6, 2021
  • Affirm
    eureka!

    Go to company page Affirm

    eureka!
    Not really a traditional fintech but it’s a shittier company
    Jun 4, 2021 0
  • Intuit
    ChiggyWigy

    Go to company page Intuit

    ChiggyWigy
    Intuit pays beeter than majority of top tech companies, don't compare it with new startups and the number obvious FAANG.
    Atleast in India, it pays a salary comparable even to faang.
    Mention your current tc, and role and then we will see if it's low.
    People take into account insane stock appreciation now a days
    Jun 4, 2021 0
  • OP
    How do I know the tier of a startup? All fin tech startups think they are the best
    Jun 4, 2021 1
  • Apple
    alexmurphy

    Go to company page Apple

    alexmurphy
    That’s why there are tiers
    Jun 4, 2021 0