Let's talk taxes

greenblood said:

2001400ex said:

I'm hearing that we should have low tax rates and people should be free to donate rather than pay taxes. Here's someone's 2015 information.

Adjusted gross income - $436,063
Taxable income - $290,640
Total tax paid - $81,472

Income tax rate - 18.7%

Charitable contributions - $64,066

Donations rate - 14.7%

Your point?

I thought you'd be down with this. If a passivist like yourself doesn't want your money to go to the military, it doesn't have to. You can choose where it goes.

Southerndawg said:

2001400ex said:

GrundleStiltzkin said:

Taxation is theft




And a subsidy to supposed CPAs such as yourself.

I don't do taxes, I don't even do my own. However the people in my firm that do taxes, 95% of the work is getting the information ready for the tax return. Taxation is not a subsidy for CPAs. And the proposed tax plans that supposedly make it simpler, do nothing to make taxes easier. They just change the calculation in the computer. The funny part is "just go to a flat tax and get rid of those CPAs". You might get rid of H&R block, Jackson Hewitt, etc. But that doesn't make the tax returns we do any easier cause they are all farms, small businesses or other stuff that complicates the return.

True tax code simplification would affect all taxable entities. CPAs and Tax Attorneys would certainly be affected across the board. In other words, a complex tax code as it currently exists in the US, is most certainly a subsidy for CPAs and Tax Attorneys, which is why both groups lobby vehemently against true tax code simplification. It sounds like you need to hang up your spatula and get out of the kitchen at "your firm" more often to broaden your knowledge base a bit.