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To: Your Nightmare

I didn't miss that at all, Nightie. But if you read the "study" (which is anthing but) it is quite apparent that the Tax Counsel promoting his own activities is ignoring a good bit of the very real compliance costs and just thinks the other two attorneys (while ignoring attendant staff and facilities support costs) and himself are the total "compliance costs" of the company.

He even mentions a number of other efforts that have to be involved. It may very well be that the other costs of state/local tax compliance costs are more than just this guy and his 2 cronies; wouldn't doubt that a bit. In fact it can't be determined since he presents no detailed figures either way.

Despite the publication, no one has any clear idea of their total compliance costs for federal taxation might be ... and he also completely ignores payroll tax requirements seems to me. As I said, a genuine case of horn-tooting.

Let's also note, too, that with the FairTax HP would not only get rid of these 3 overhead tyoes (along with their supporting staff and facilities) but all of all of the other "complexities" and "difficulties", etc. he mentions in connection with making up their returns and also the audit risks attendant which he alludes to as they try to outguess the IRS about the income tax law. In addition, HP would be paid to collect the FairTax on taxable sales.

How much do you figure these 3 tax lawyers gross (not to mention their support staff and facilities) - say $250,000 per year each?? One year not too long ago Chrysler Corporation was reputed to have filed an income tax return that was 6-1/2 feet high. To my way of thinking that's as shameful as these guys crowing about how "wunnerful" they are. It's all a big waste of our economy's resources.


513 posted on 08/17/2005 11:33:15 AM PDT by pigdog
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To: pigdog

Spin...spin...spin.

Comical. Truly comical.


514 posted on 08/17/2005 11:52:08 AM PDT by Your Nightmare
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