What happens to all the accountants, tax attorneys and other people working in the financial industry that have to deal with taxes?
Guess they will have to do somthing differant.
gee to bad.
Simple. Instead of wasting all their (and the companies) valuable time screwing around with the complicated and endless IRS code, they can devote their time and talents to the company. No wonder so many companies in this Country fail or are forced to depart to other countries. The IRS is the is the biggest destroyer of incentive and the work force of these united States.
Well maybe they will have to get real jobs. Amen.
We'll find honest work.
Don't cry for us. Some of us have seen this coming for more than a decade and have diversified our practices or taken steps to retrain. I'm just about to complete law school....that should allow me to chase ambulances instead of chasing deductions.
The Founders never envisioned a system whereby our incomes would be the subject of government expropriation, but the fact that the government reaches into EVERY paycheck before we've seen a dime, would be positively abhorent to the Framers. We've got to abolish the whole mess in favor of taxes on consumption.
They will have to learn to do something productive.
Us in the private end will have more time to work with our employers on making profit rather than dodging taxes through deductions. Yes, they need accountants for reasons other than for the taxman!
There will still be a need for government auditors at the state level since taxes will still be collected. There will be a need for more accountants because this will expand the economy!
The extra IRS employees? PUT THEM ON THE BORDER WITH THEIR GUNS! Yes, many are armed.