Good God. You have no idea what's entailed in "definition of income" or "determination of income" for someone with even a modestly complex income, do you?
I sentence you to 5 years of trying to interpret the IRS regs on depreciation...
As an accountant, I learned sometimes you just don’t respond to things.
Depreciation is always changing. Sometimes as a stimulant you can write a whole year in equipment in one year. I used to do taxes. Mine is so complicated I could do it but it isn't worth it. I have to check but it's nice to have tax programs do the math and have somebody's name signed besides your own.
None of them sounds like they have really thought the whole IRS thing through. Like why aren't they asked abolish 5 departments (good), what are they planning to do about all the lost jobs (probably millions - bad)?
I'm ok with corporate tax rate at 10% but don't think we have to have at least 15% personal. Those of us who pay fed and one or two states, that can add up. They aren't talking about inheritance taxes, gift exclusions, so many things people have all their finances planned around. I'm saying there's a whole heck of a lot more taxes and taxing entities for just income than a simple fed flat tax.
Maybe they should have left well enough alone and gone for the can't remember the number, think it was 20K new hires for Obamacare. Get rid of those. End the corruption and using the IRS as an attack dogl against enemies.
Going after enemies wouldn't necessarily stop with a flat tax. Did you hear Carson talking about what they did to him? If we are to believe him, I will give him the benefit of most of any doubt. First they were going to audit him for the most recent year, then when they didn't find anything, 3 years. When they kept not finding anything, they kept going back further. He said he was targeted (I may not have the intervals right but you get the jist of it). It sounds like they were after orders to get something on him.
That’s what they mean when they say “simplify the tax code”.