Quote:
Originally Posted by Stu from NYC
Some day if we can get a very simple tax system the vast majority will be able to do it themselves.
My feeling is since tax law changes all the time and really do not want new dealings with the IRS better to pay a good professional.
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That joyous day will never come. It has been said they must change the tax code every few years because too many people learn to live with the previous tax code. A borrowed thought from an article I read. Our constitution is four pages. Our tax code is now 186,000 pages.
That guy Herman Cain proposed a flat tax 9-9--9. That was actually stolen from a book by Steve Forbes. Forbes said the number would need to be 12-12-12. That would surely not go well, even if truth, with voters. A straight flat tax would remove a great deal of government power. Tax rates used to encourage and discourage events. Housing a clear example. Aside Cain later modified has plan to allow deduction for interest on a home mortgage. The flat tax died even before it was born.