That should be a deal killer.
The whole "opportunity zone" thing is stupid. If it's good enough for Detroit, then just do it for the whole fracking country, permanently.
Put the bong down and step away from the lighter, please.
Step away from the bong.
There are so many distortions, false assumptions, and just plain incorrect statements in that, I cannot decide where to start. I guess, for one, that the only reason someone buys a house in your world is for the interest to be deductible. At least you didn’t post it as blog bait.
Hmmm. Interesting numbers.
Who DOES the writer support for President? Perry? Romney? Bachmann? Please don’t tell me Huntsman.
Hmm ~ this piece started off like a speech I saw in “Animal House” ~ http://www.youtube.com/watch?v=6PYb_anBMus ~ popularly known as “The Otter Defense”. I usually ignore all such speeches as much as possible.
I like Cain, but this plan will be his undoing.
This guy claims to know taxes?
Yeah, and Obama’s birth certificates are real, too.
Creditability gone.
"I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated."
You lost me right there.
I'm presuming you are speaking for all CPA's, knowing there will suddenly be major competition because you wouldn't be needed, if we simplified the tax code.
Small businesses and those with complex earnings statements must have a CPA firm as it stands now, not because they need to understand their cash flow or their business capitalization, but because they have to hire accountants to do their taxes and set up their books for the IRS.
Sorry Charlie, but your argument lost it in the first sentence.
So why do you suppose Art did that?
I went with Art in the 80s, things turned around fast, went quite well thank you.
I'm going back for second helpings, you do what you want.
But, most importantly, Larry Walker, Jr. will no longer be a ighly paid corporate CPA and
just
might
have
to
sell
the
Beemer!
Aw man. I just put down my managerial accounting text book to freeping and this is the first post I come across... dag nabbit...
Your posting isn’t nearly long enough.
Based on that principle the tax code should be scrapped and replace by a system where everybody makes a contribution. It would be okay and simpler for every American to pay the same flat rate of tax without regard to the amount of basic income.
Douchebag line of the day.
Curious if the author is someone who makes a living navigating the current tax system. He mentions that he’s worked with it for 30 years. Anybody know?
If the current tax code is not complicated then why are accountants and lawyers needed to figure it out? If the current tax code is not complicated why is it 70000 pages?
I’ve worked with the tax law for 30 years, and I don’t think it’s all that complicated.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The IRS Tax Code. Over 71,000 pages. Over 5.6 million words. And you claim it’s not complicated?
As others have said... You are an idiot.