[EternalVigilance]

What happens to all the CPA's though. Accounting firms are big corporate entities, that provide alot of people with good jobs, and I'm not so sure it's a good idea to completely up-end that without having a sort of back up plan.

'Good jobs' or not, those are jobs that produce NOTHING of value. Nada. Not even tax revenue to the government.

A complete inefficiency... a burden with no positive usefulness.

Besides, in an economy unfettered by the IRS, supercompetitive in the world market, business would boom...there would be no shortage of work for good accountants.

[Fido969]

A small part of CPA work is tax work. Enron aside, a large part is auditing and other work for investors and financers, which will still be required, and consulting work of various types. Bookkeeping and cost accounting will continue be necessary to identify efficiencies, control costs and identify fraud. It seems that the FT people claim that those will be eliminated with a NST. *koff*

Somehow you think that eliminating the $40 for the annual version of TurboTax or the $200 a family might pay to have their taxes done is going to result in a HUGE boost to the economy.

Yeah, we'll just put that with the rest of the FT con-artist claims - namely BOGUS.