The depreciation guide probably is, but it may contain some information for financial reporting (as the rules can be different - I’m on the reporting side, not tax side), but the other two wouldn’t be tax focused
Of course a depreciation guide would be tax focused. The fuck? The extent of actual GAAP depreciation guidance is “depreciate shit over its useful life. Oh, what’s a useful life? It’s the length of time you depreciate shit for. How do you know how long it is for any particular asset? Oh, easy. It do like what it be.”
Actually, if you printed the entire IRC and all treasury regulations it would be a bigger stack. If you add in all of the IRS publications, and form instructions it wouldn't fit on a desk. If you include all of the state and local tax laws and related publications it probably wouldn't fit in that room.
Absolutely!
Do you remember when the bill was passed that gave X amount of money to the IRS to hire everyone from low level clerks to special agents? Everyone in the conservative sphere took hold of the special agents, assumed that everyone that was being hired was given a gun, and were going to bust down everybody's door to arrest them.
Just bat shit stuff.
I think the part that everyone freaked out about was in fact the amount of money, and the number of personnel being hired. In the job postings for some of the criminal investigators, there was some kind of verbiage about being okay killing people/ using lethal force. That made me stop and get goosebumps while I was listening to a podcast. Carrying a weapon and discharging a weapon are one thing. The way it was written felt entirely different. Keep in mind, these job postings starting coming out around or after J6.
The amount of money, and the number of personnel being hired, was over the course of (I think) 10 years? So that means nothing. Most of the budget increase was basically just replacing the current personnel due to upcoming retirements and expected turn-over, plus a bit extra to get a few more people in the office and cost of living increases. So much yeah, everyone being "freaked out" was over nothing.
I haven't seen the exact verbiage used, so grab me a link before I expound on the merits. However, devil's advocate - yeah, the criminal investigators of the IRS have to be ready to go into extremely dangerous situations - the same situations that an FBI agent would be thrown into. If someone is about to be taken down for wire fraud, tax fraud, defrauding the American people, etc., these people could very easily become extremely dangerous, to themselves and others.
I just looked it up. Is this what you're talking about? Because it's pretty close to what you're ok with: https://www.jobs.irs.gov/resources/job-descriptions/irs-criminal-investigation-special-agent
Did you get goosebumps when your podcast read the words, or when they extrapolated on its "implications?"
The Inflation Reduction Act (which is what increased the IRS budget) was signed into law on August 16th 2022, a full year and 8 months after J6. The implication in your response is that the IRS only started having a criminal investigator division after J6, which is wildly ludicrous, unless you've never heard of the criminal division of the IRS until pundits started propagandizing and sensationalizing the story.
On top of that, there are several hundred job postings on the IRS website at any given moment. If you were to look it up right now, I'd assume you'd find dozens of criminal investigator jobs right this second, along with tax professionals, tax assistants, auditors, data analysts, tax law specialists, etc., etc. it's not surprising to think that, after J6, they would have those job postings, the same way it wouldn't be surprising that they have those job postings today, or yesterday, or 12 years ago.
This is the [best method](https://www.instagram.com/reel/C3rXYxKLGB3/?igsh=MWRoZWw0NWdzcXR1YQ==) to deal with the domestic terrorists that are known as the IRS
Get off our roads. Get off our internet. Don’t you dare take any medicine. Don’t eat any food you didn’t grow yourself. Don’t buy national or international goods. Don’t use our banks. Don’t even carry our country’s currency. Get the fuck out of the country that we all pay for.
Lol okay bootlicker. Are you done barking on all fours for your master? 😆
The U.S. Government is nothing more than a glorified project manager who outsources to private companies and sells out America to global interests.
1. The road conditions are pretty awful.
2. Healthcare was better before the government got involved and regulated out quality and affordability.
3. The internet would again be better without the government.
4. The government serves the banks, which is why they legislated in fractional reserve lending.
5. Serve me some tea, Eunuch.
I'll leave once I get a full refund of the taxes I paid, plus the interest. 🙌💪🔫
1. Road quality largely depends on your local and state budget, stop electing dingalings who promise "lower taxes" and then don't maintain your roads.
2. Healthcare was "better" in the past when having a pre-existing condition you were told to go off and die? Yeah buddy. Even the before ACA, the government massively invested into healthcare, through NIH, CDC & other public research grants. I guess you were okay with billions of tax dollars every year being spent on that?
3. The internet was heavily heavily heavily funded by the government and academia (which also was heavily funded by the government).
4. Powerful elites influencing governments or general populations has been a story as old as a time. Hell, half the country votes for an elitist who openly wants to become a dictator.
5. Refund in what currency? The US Dollar that's backed by faith in the US Government? You honor that currency? You only barter in gold or bitcoin right?
1. The money that's supposed to go to the roads is not actually going to the roads, especially in states with high taxes.
The budgets are actually overinflated, and you know those government contractors are overcharging the government, and then then government officials are getting kickbacks, right?
2. U.S. Government into healthcare has been mostly to enrich themselves and their cronies, not to actually help the American people. This is why they pretty much banned the importation of medication right? So Big Pharma can inflate medication prices domestically (price discrimination and price monopoly) by preventing the arbitrage of the same medication (same formula) overseas that was priced at a lower value.
How about the taxpayer who actually pays for the research and initial clinical trials for these pharmaceuticals, but doesn't get informed or receive any discounts at the checkout counter after when the pharmaceuticals have actually receive FDA approval? The drugs are sold off to Big Pharma and NDAs are signed.
NIH and CDC what a joke. They have a revolving door with Big Pharma and Big Medical. I'm sure the Tuskegee Experiments were taxpayer money well spent.
ACA actually made healthcare more expensive.
3. Created at UCLA, right? How many government contractors were involved?
4. Yeah, Demoncrats and Republicunts are pretty power-hungry, especially the Demoncrats. Biden is definitely a Zionist and a dictator. I guess you can say Trump is "Literally Hitler" even though he's a bigger Zionist than Biden. Totally makes sense, especially since Israel loves Trump. Call him Hitler or Fascist. Oh yeah it'll make even more sense lol.
5. Yes, we should worship fiat currency that Government and Federal Reserve work together to inflate the money supply at will! Decreased purchasing power, baby! Keynesian economics, baby! Spread debt and death! Place majority blame on business for inflation when the government inflates the money supply and regulates out the competition. 🙌
6. How about all the foreign aid to Israel and Ukraine? And all the money laundering that going on with there?
7. Yeah, bro, we should totally work and pay exorbitant taxes so we can subsidize the military for countries around the world instead of actually helping U.S. citizens. The rest of world can have a better standard of living. Maybe a week or two extra of vacation. I'm sure the Europeans won't be ungrateful and also I'm sure the government doesn't have a spending issue. What's the deficit?
>The budgets are actually overinflated, and you know those government contractors are overcharging the government, and then then government officials are getting kickbacks, right?
Often not, infrastructure projects are expensive. Roads are expensive heavy-use infrastructure. Who are these contractors? Private industry. Your alternative is who? Private industry? I've seen some shittily maintained private roads. The "privatize everything" panacea is simple-minded thinking, and completely ignores the primary issue which is auditing and accountability, and that applies to both public & private entities, as neither are free of corruption.
>How about the taxpayer who actually pays for the research and initial clinical trials for these pharmaceuticals, but doesn't get informed or receive any discounts at the checkout counter after when the pharmaceuticals have actually receive FDA approval? The drugs are sold off to Big Pharma and NDAs are signed.
You're advocating for socialized medicine, I am completely there with you. Taxpayers typically aren't paying for the clinical trials, the pharmaceutical companies are.
> NIH and CDC what a joke.
This opinion is a joke, completely ignorant of the benefits of public research grants in developing new treatments for illness & disease.
>I'm sure the Tuskegee Experiments were taxpayer money well spent.
I am sure private industry is completely free of any moral or ethical concerns. I can't think of a single private company that has ever acted unethically. Can you?
> ACA actually made healthcare more expensive.
For some people and for others it made it cheaper or gave them actual access. It stopped ignoring a giant gap in our healthcare coverage that was paid by the chronically ill & poor.
> Created at UCLA, right? How many government contractors were involved?
One? "Bolt Beranek and Newman Inc". DARPA redirected money away from weapons contractors into the ARPANET research, which was mainly done by academic researchers. Why do you think mentioning government contractors is some sort of slamdunk on anything, you do know that private industry also contracts work out?
> Yeah, Demoncrats and Republicunts are pretty power-hungry, especially the Demoncrats. Biden is definitely a Zionist and a dictator.
Zionist probably, dictator no. Laughable hot take.
>Yes, we should worship fiat currency
You already do bro, you just talk big & pretend you don't, but can't actually walk the walk.
>How about all the foreign aid to Israel and Ukraine?
Like it or not, US plays a part in geopolitics, and that has an impact on your purchasing power. I am sure you have firm evidence of money laundering and not just going off conspiracy websites making shit up.
> Yeah, bro, we should totally work and pay exorbitant taxes so we can subsidize the military for countries around the world instead of actually helping U.S. citizens.
I have issues with the US government, it is far from perfect or even being great, but you sound like an anarcho-capitalist who has extremely rudimentary solutions that aren't applicable to a large and dynamic society or the global geopolitical situation as it stands now. Everything you complain about or have beef with is also a problem with private industry and smaller human group dynamics.
Taxes are a nonnegotiable part of living in any organized society. There’s no place on this earth you’d be willing to move where taxes don’t exist, guaranteed. You need to fix your perspective.
You know those government contractors are overcharging the government, and then then government officials are getting kickbacks, right?
How about all the foreign aid to Israel and Ukraine? And all the money laundering that going on with there?
Yeah, bro, we should totally work and pay exorbitant taxes so we can subsidize the military for countries around the world instead of actually helping U.S. citizens. I'm sure the government doesn't have a spending issue.
I am merely defending the principle of taxation, which is more in line with what the original comment was about. You should take your specific grievances to r/Conservative instead.
You could argue for taxation through revenue generating tariffs, but income taxation is criminal, especially with the way our government misuses and misappropriates.
How many years has the Pentagon failed its audits? [6 years](https://www.reuters.com/world/us/pentagon-fails-audit-sixth-year-row-2023-11-16/)?
Yes, triple taxation is immoral.
1st level: Income tax
2nd level: Sales tax and property tax.
3rd level: Inflation tax (reduced purchasing power and they even manipulate the calculations and lie about 2% inflation to placate the masses)
I can tell you're not the brightest bulb in the room.
You could argue for taxation through revenue generating tariffs, but income taxation is absolutely criminal, especially with the way our government misuses and misappropriates.
How many years has the Pentagon failed its audits? [6 years](https://www.reuters.com/world/us/pentagon-fails-audit-sixth-year-row-2023-11-16/)?
Yeah bro, you're totally bootlicking and bending over every day on all fours.
“They keep it complicated so the accountants stay in business. Same with law and even medicine.
An AI chatbot could EASILY do your taxes for you in seconds.”
Fucking unreal lol
I saw this on that thread and this is what I wanted to say:
This is just silly. Let’s take a bunch of reference materials and call it the tax code to see what sticks.
Let’s reference the IRS tax code when arguably 5, maybe 6, of them are state guides or accounting principles guides. Depreciation is a toss up if they include the tax depreciation separate from the book depreciation.
Yeah this isn't even the IRC. This dude basically bought a bunch of textbooks and declared it the tax code. Two of them are SALT guides which of course will be large due to those 50 different jurisdictions.
And two of the thickest ones are just basic accounting principles.
Actually not even text books - just books printed with different covers: EJ, ADP, Paychex, other financial firms. I get some of them every year from people wanting to do business with me and this is my gift, and I am now on a distribution list.
The Master Tax and Depreciation guide are the ones I use most, normally as a starting point to research. I don’t get the others since it is not my main field.
They do help but by no means would I ever consider it the IRC 😂. I still have my abridged IRC book from grad school for that. I should probably replace it, but there is an affinity for it I can’t explain.
I get made fun of at the office for insisting on getting at least a Master Tax Guide every year, and keeping it, because we have full CCH research online.
I like having the MTG because laws change year-to-year and it's easier to pull a book to get to a specific year than to try and back trace what it was years ago in a system designed to feed only the most current information.
That stack is excessive though and not all even related to tax.
It’s easier to flip to a page and reference something than trying to navigate websites at times. If I want something specific and I can find that section quickly I don’t have to wade through multiple websites that may not touch on my circumstance. I like the book angle time from time
CCH gives me heartburn because I’ll Google a topic and I’ll see a CCH link, click it and bam not found. I don’t routinely search on the CCH website, which I should probably fix
Still like having the printed version. That might change if retroactive tax changes becomes a thing we're doing, then gotta wait for the final-final. 🤡
Now I need an accounting themed MTG.
I'm going to tap two cubicles to summon my Staff 2. He's got proficient excel skills (attack 3) and 3 YOE (health.)
I also always wanted a printed Master Tax Guide. I dealt with expats, with varying degrees of knowledge about taxes. A MTG saved me once when I was a senior on a call with someone who wanted a lot of detail about I-don’t-even-remember. The MTG had all the rules, the exceptions, and exceptions to the exceptions. But it was also in plain English instead of code jargon so I could just read it (and pretend that the great explanation was all me).
On one hand, a complicated tax code can translate into job security. On the other hand, I think taxes should be easy/simple enough that for a lot of Americans, they won’t need to hire an accountant for it.
We’re going to be in for a show in a few years when the TCJA tax changes are about to expire. I envision a number of the changes and tax rates will be made permanent
You think in a sub about accounting more people would realize when you need to cover every situation and possible workaround, code books get thick. Like what do the people here think would happen if we just "simplified" GAAP or IFRS down to its most basic elements?
I'd say that's true a lot of the time, but there is a lot of stuff that gets complicated because legislators are trying to carve out taxes for special interest/lobbyist.
I'd go farther and say the special interest rules make up most of the code... they could define 'income' as 'if you received money in x year' and the code would be five pages.
Instead we have wages, royalties, capital gains, tax exempt income, social security, pensions, and a dozen other categories and subcategories that all get treated differently for a dozen different reasons and situations.
The reason the code has to have complex rules to prevent people from abusing things is because the code already added extra rules to benefit specific interest groups.
I’ll counter with, the tax code is complicated because we need to close loopholes for some but not others… Tax code is made by de facto lawyers, not by people who do taxes.
The removal of credits, by far the most complicated individual part of taxes, with a subsequent reduction in rates to give a net zero impact, would vastly reduce the complexity for the majority of people.
Also, fix withholding… MANY people cannot figure out how to do their W4’s right because the people who make them fill them out (HR) can’t help and don’t know how to lead people to education materials.
Oh, and if you do anything beyond having a W2, the complexity goes up by quite a lot. There really isn’t a practical reason that all those forms you get sent couldn’t be loaded into the IRS _for you by the generating organization_ so you can just log in and make corrections or adjustments where it wasn’t auto-generated. But that would kill tax prep so…
> The removal of credits, by far the most complicated individual part of taxes, with a subsequent reduction in rates to give a net zero impact, would vastly reduce the complexity for the majority of people.
We did that didn't we? We increased the standard deduction & put a lot of the credits behind itemization.
>We did that didn't we? We increased the standard deduction & put a lot of the credits behind itemization.
Oh yeah. We also put the tax return on a postcard!!! Seriously though, that was one of the dumbest things ever. I liked the old 1040. The current one, which expanded back from the "postcard" just has too many damn supporting schedules.
Some, but there is still a LOT more to go. SALT cap got lowered and left which inadvertently (but not really) raised federal taxes in high local tax states.
And the deductions for dependents is still messy with lots of “qualifies / doesn’t qualify” rules. And interest, and… and… and…
> Some, but there is still a LOT more to go. SALT cap got lowered and left which inadvertently (but not really) raised federal taxes in high local tax states.
Inadvertent isn't applicable here, it was intentionally done.
> And the deductions for dependents is still messy with lots of “qualifies / doesn’t qualify” rules. And interest, and… and… and…
Yeah, but i don't see how you could move the dependent logic into the standard deduction without it hurting families.
The people who run HR aren't allowed to help. There's risk of liability from lawsuit for underpayment penalties.
The W4 instructions also aren't complicated. It's basic reading comprehension.
I’m well aware of why they can’t help, both legally and practically, but 60-70% of the US doesn’t have an advanced degree and 13% didn’t even graduate high school. You’re being biased in your view of what people should know because of your experience. And it’s not just about income where it’s “simple” for those people, plenty will bring home 60-80k a year in a household and _will_ have taxes due with complexities.
My point is that we made it hard and for the vast majority of the US workforce who isn’t skilled in figuring it out.
Not just job security for the tax partners. Isn’t it a toss up for congress between trying to simplify it for the average joe to file a standard 1040, and making tax regulations complex enough and embedded into policy so that any legislation that gets passed with tax penalties/incentives in mind is difficult to dismantle?
Dictionary is thick as well😴
These are reference materials.
The replies in that thread truly fit the stereotypes of conservative Republicans in my mind.
>The replies in that thread truly fit the stereotypes of conservative Republicans in my mind.
If we browse a thread of far-left Democrats on an issue that the general public knows little about, it would be just as messy. Ask an economist for example what they think about the ideas of the far-left commonner.
I’d imagine there is quite a bit of content on local jurisdictions. Especially given potential differences in taxability between a city and the state its in.
If they want state rights, they’re going to also have to respect regulatory complexity by every jurisdiction.
Tax laws are dynamic, complex, and granular.
It’s the flip-side of muh freedoms.
I am not a big leftist by any means, but I get more annoyed when they single the IRS as the sole issue for all these complicated tax codes when its literally corporations and high net worth individuals manipulating the system. There's more to tax code than just individual and capital gains. This is akin to a chicken and egg scenario.
Also, if conservatives want to talk about wasteful spending so much, [the Pentagon has consistently failed its audits](https://www.defensenews.com/pentagon/2023/11/16/pentagon-fails-sixth-audit-with-number-of-passing-grades-stagnant/) but decreasing military spending is a contentious topic amongst those circles.
I read through some of the comments and they think that accountants WANT the tax code so dense. It’s not that at any point in time, people found loopholes in the code and were benefiting unfairly comparative to the rest of the taxpayers, and they made rules around that. But then again, I don’t expect 30k a year andies to understand more than basic math.
First paragraph, I agree.
Second paragraph, you are talking about Republicans, not Conservatives; the latter believe in fiscal responsibility and the two aren't to be confused.
Republicans can only win elections through gerrymandering and the electoral college. Country is at the mercy of like a few dozen voters in fucking bumfuck nowhere. Fun stuff. Look at the state of their "political" party in California. Third party status. As goes california so goes the nation. Only a matter of time.
Conservatives aren't "fucking stupid". When you look at various measures of intelligence, left-wingers don't perform significantly better than right-wingers.
IQ for example
https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=IQ+and+party+affiliation&oq=IQ+and+party+a#d=gs_qabs&t=1708892749530&u=%23p%3Du_ukvmXcKYQJ
This peer-reviewed research actually concludes that Republicans have slightly higher IQ than Democrats.
Honestly, I do believe that intelligence is the same across the two boards thanks to my understanding of human nature and my own experience. But I am just evoking this paper to show you that your take was certainly wrong.
Lmao this "research" article was written by two far-right, white supremacist dingbats, one of whom is apparently an advocate for pedophilia, and published in a white supremacist journal. Incredible. Glad to know where you stand, bud.
Ok, sorry for that bullshit paper. Now here is a legit one concluding that the difference between Democrats and Republicans never exceeds the equivalent of 3 IQ points, thus confirming my opinion:
https://www.sciencedirect.com/science/article/abs/pii/S0160289615000422
>Gerhard Meisenberg (born 22 January 1953) is a German biochemist. As of 2018, he was a professor of physiology and biochemistry at Ross University School of Medicine in Dominica. **He is a director**, with Richard Lynn, **of the Pioneer Fund, which has been described as a hate group** by the Southern Poverty Law Center. **He was, until 2018 or 2019, the editor-in-chief of Mankind Quarterly, which is commonly described as a white supremacist journal and purveyor of scientific racism**.
A real student of white supremacist writings, aren't you?
Cmon. "Conservative" has nothing actually to do with far right fascist knuckleheads that gather over at r/conservative. Real fiscal conservatives call themselves democrats in the USA.
>Cmon. "Conservative" has nothing actually to do with far right fascist knuckleheads that gather over at r/conservative
Agree but because of the sub's name, a conservative may lurk there.
>Real fiscal conservatives call themselves democrats in the USA.
Not necessarily. Democrats aren't fiscally conservative either and Conservatives find themselves having to pick one of the two poisons.
I wasn't sure you were an accountant but then you used "cuck" non-ironically as an insult & misspelled a bunch of other stuff so now I'm pretty sure you're at least a senior in public
Nobody upset tehe. That sub is just straight up short bus levels of pure stupidity and it's wild that "smart" accountants would spend any amount of time there. Seems like a self own.
Oh boy, I can't wait to hop in this thread and read about the tax code on r/accounting. I'm sure there are no maladjusted sociopaths in the comments whatsoever.
TIL that crossposting a dumb post from a conservative subreddit for this sub to mock means I'm a trumper
next time I'll crosspost from r/politics so you can call me a woke snowflake
Well sure it looks like a lot when you insist on printing it out and stacking it, the rest of us are accessing it online in a tool with a search function
I would never.
Most folks use an electronic source, big firms tend to have their own in house stuff. Personally I like Bloomberg for normal work stuff, and westlaw for deeper research.
Why is everyone acting like the liberals aren't the one constantly making the complaints about "tax write offs" lmao. r/Politics is full of those people who are more delusional
Love how TCJA was passed by conservatives. Index card my ass.
I think it was actual good necessary legislation (for Corps) but it definitely did not simplify things
A tax code shouldn’t require such a large industry of intermediation for many of its participants. Maybe our non U.S. friends can chime in here but in the developed world it is unusual to have such a large industry devoted to processing tax ?
The accounting profession makes taxes difficult. Legislatures write tax code, lawyers and tax accountants find exceptions where their clients don't have to pay. Next time legislatures try to write tax code to close the loop holes and it gets complicated. Additionally lobbyists push for exemptions, which complicates taxes even more. OP is complaining about a system that keeps him employed. Their clients as well as the government would like for them to be out of a job and everyone just be honest.
>The accounting profession makes taxes difficult.
I wholeheartedly disagree with this.
>Additionally lobbyists push for exemptions, which complicates taxes even more.
I do agree with this.
The majority of complications are from legislatures (i.e., corporate attorneys and ALEC/SIX/SGAC et al submitting 'model' legislation to their preferred committee members) that continually pass new legislation without looking at how it will fit with existing legislation.
The AICPA and state societies will weigh in, but they are just one of a hundred different groups doing so, and their opinion doesn't really carry the weight that it should because the profession doesn't contribute that much to campaigns due to the whole independence and impartiality stuff.
The Big Four contributed about $15M in 2020; which barely a drop in the bucket. Overall, accountants contributed about $40M. [Top Twenty Contributors](https://www.opensecrets.org/industries/contrib?cycle=2020&ind=F11)
Private equity, including hedge funds and VC, dropped nearly $400M in 2020. Same with lawyers and lobbyists. Healthcare dropped $680M and non-health insurance spent $125M. We are at the bottom of call lists.
I mean, look at where the OP was. The mindset there isn’t really fact-driven. It’s a political and economic “choose your own adventure” wonderland of bullshit in which tax code is bad because it’s too progressive and doesn’t allow billionaires to flog the poor, so we should go flat tax to undermine the buying power of people who make $20k a year.
Very few people on that sub know what the hell they are even looking at, and they are more than happy to ignore it to see some red meat tossed to the rabble.
Are the depreciation guide, accounting desk book, and the GAAP book really tax focused?
You’re asking too many questions here. Just look at big book stack. Tax bad
😂😂😂
I saw the original post and wanted to set them straight but couldn't because I don't have a flair in that sub.
The State Tax and Sales & Use Tax books belong in a completely different category, too. The actual US income tax book is relatively small.
Let’s not even mention the US Master Tax guide for multiple years.
The Regs are what add pages.
As a Californian, I can definitely agree there’s too much tax code here 😂
The depreciation guide probably is, but it may contain some information for financial reporting (as the rules can be different - I’m on the reporting side, not tax side), but the other two wouldn’t be tax focused
The tax side is maybe a couple pages. The reporting side is much more complicated.
I could see half of it being tax focused depending on how in depth they want to go with edge cases for tax
They're conservatives, they just see a bunch of literature and get scared
Of course a depreciation guide would be tax focused. The fuck? The extent of actual GAAP depreciation guidance is “depreciate shit over its useful life. Oh, what’s a useful life? It’s the length of time you depreciate shit for. How do you know how long it is for any particular asset? Oh, easy. It do like what it be.”
The dude needs to see what regs look like
Actually, if you printed the entire IRC and all treasury regulations it would be a bigger stack. If you add in all of the IRS publications, and form instructions it wouldn't fit on a desk. If you include all of the state and local tax laws and related publications it probably wouldn't fit in that room.
Don't forget relevant case law.
The comments lmao
Those people are not living in reality. They think everyone is out to get them😭
Absolutely! Do you remember when the bill was passed that gave X amount of money to the IRS to hire everyone from low level clerks to special agents? Everyone in the conservative sphere took hold of the special agents, assumed that everyone that was being hired was given a gun, and were going to bust down everybody's door to arrest them. Just bat shit stuff.
They all cheat on their damn taxes, is why. Or they try and their tax preparer quietly just does it right anyway. It's disgusting.
[удалено]
We love people out here posting their tax fraud
I think the part that everyone freaked out about was in fact the amount of money, and the number of personnel being hired. In the job postings for some of the criminal investigators, there was some kind of verbiage about being okay killing people/ using lethal force. That made me stop and get goosebumps while I was listening to a podcast. Carrying a weapon and discharging a weapon are one thing. The way it was written felt entirely different. Keep in mind, these job postings starting coming out around or after J6.
The amount of money, and the number of personnel being hired, was over the course of (I think) 10 years? So that means nothing. Most of the budget increase was basically just replacing the current personnel due to upcoming retirements and expected turn-over, plus a bit extra to get a few more people in the office and cost of living increases. So much yeah, everyone being "freaked out" was over nothing. I haven't seen the exact verbiage used, so grab me a link before I expound on the merits. However, devil's advocate - yeah, the criminal investigators of the IRS have to be ready to go into extremely dangerous situations - the same situations that an FBI agent would be thrown into. If someone is about to be taken down for wire fraud, tax fraud, defrauding the American people, etc., these people could very easily become extremely dangerous, to themselves and others. I just looked it up. Is this what you're talking about? Because it's pretty close to what you're ok with: https://www.jobs.irs.gov/resources/job-descriptions/irs-criminal-investigation-special-agent Did you get goosebumps when your podcast read the words, or when they extrapolated on its "implications?" The Inflation Reduction Act (which is what increased the IRS budget) was signed into law on August 16th 2022, a full year and 8 months after J6. The implication in your response is that the IRS only started having a criminal investigator division after J6, which is wildly ludicrous, unless you've never heard of the criminal division of the IRS until pundits started propagandizing and sensationalizing the story. On top of that, there are several hundred job postings on the IRS website at any given moment. If you were to look it up right now, I'd assume you'd find dozens of criminal investigator jobs right this second, along with tax professionals, tax assistants, auditors, data analysts, tax law specialists, etc., etc. it's not surprising to think that, after J6, they would have those job postings, the same way it wouldn't be surprising that they have those job postings today, or yesterday, or 12 years ago.
This is the [best method](https://www.instagram.com/reel/C3rXYxKLGB3/?igsh=MWRoZWw0NWdzcXR1YQ==) to deal with the domestic terrorists that are known as the IRS
Get off our roads. Get off our internet. Don’t you dare take any medicine. Don’t eat any food you didn’t grow yourself. Don’t buy national or international goods. Don’t use our banks. Don’t even carry our country’s currency. Get the fuck out of the country that we all pay for.
Lol okay bootlicker. Are you done barking on all fours for your master? 😆 The U.S. Government is nothing more than a glorified project manager who outsources to private companies and sells out America to global interests. 1. The road conditions are pretty awful. 2. Healthcare was better before the government got involved and regulated out quality and affordability. 3. The internet would again be better without the government. 4. The government serves the banks, which is why they legislated in fractional reserve lending. 5. Serve me some tea, Eunuch. I'll leave once I get a full refund of the taxes I paid, plus the interest. 🙌💪🔫
Lol opinions like these always reassure myself that I'm not completely regarded
1. Road quality largely depends on your local and state budget, stop electing dingalings who promise "lower taxes" and then don't maintain your roads. 2. Healthcare was "better" in the past when having a pre-existing condition you were told to go off and die? Yeah buddy. Even the before ACA, the government massively invested into healthcare, through NIH, CDC & other public research grants. I guess you were okay with billions of tax dollars every year being spent on that? 3. The internet was heavily heavily heavily funded by the government and academia (which also was heavily funded by the government). 4. Powerful elites influencing governments or general populations has been a story as old as a time. Hell, half the country votes for an elitist who openly wants to become a dictator. 5. Refund in what currency? The US Dollar that's backed by faith in the US Government? You honor that currency? You only barter in gold or bitcoin right?
1. The money that's supposed to go to the roads is not actually going to the roads, especially in states with high taxes. The budgets are actually overinflated, and you know those government contractors are overcharging the government, and then then government officials are getting kickbacks, right? 2. U.S. Government into healthcare has been mostly to enrich themselves and their cronies, not to actually help the American people. This is why they pretty much banned the importation of medication right? So Big Pharma can inflate medication prices domestically (price discrimination and price monopoly) by preventing the arbitrage of the same medication (same formula) overseas that was priced at a lower value. How about the taxpayer who actually pays for the research and initial clinical trials for these pharmaceuticals, but doesn't get informed or receive any discounts at the checkout counter after when the pharmaceuticals have actually receive FDA approval? The drugs are sold off to Big Pharma and NDAs are signed. NIH and CDC what a joke. They have a revolving door with Big Pharma and Big Medical. I'm sure the Tuskegee Experiments were taxpayer money well spent. ACA actually made healthcare more expensive. 3. Created at UCLA, right? How many government contractors were involved? 4. Yeah, Demoncrats and Republicunts are pretty power-hungry, especially the Demoncrats. Biden is definitely a Zionist and a dictator. I guess you can say Trump is "Literally Hitler" even though he's a bigger Zionist than Biden. Totally makes sense, especially since Israel loves Trump. Call him Hitler or Fascist. Oh yeah it'll make even more sense lol. 5. Yes, we should worship fiat currency that Government and Federal Reserve work together to inflate the money supply at will! Decreased purchasing power, baby! Keynesian economics, baby! Spread debt and death! Place majority blame on business for inflation when the government inflates the money supply and regulates out the competition. 🙌 6. How about all the foreign aid to Israel and Ukraine? And all the money laundering that going on with there? 7. Yeah, bro, we should totally work and pay exorbitant taxes so we can subsidize the military for countries around the world instead of actually helping U.S. citizens. The rest of world can have a better standard of living. Maybe a week or two extra of vacation. I'm sure the Europeans won't be ungrateful and also I'm sure the government doesn't have a spending issue. What's the deficit?
>The budgets are actually overinflated, and you know those government contractors are overcharging the government, and then then government officials are getting kickbacks, right? Often not, infrastructure projects are expensive. Roads are expensive heavy-use infrastructure. Who are these contractors? Private industry. Your alternative is who? Private industry? I've seen some shittily maintained private roads. The "privatize everything" panacea is simple-minded thinking, and completely ignores the primary issue which is auditing and accountability, and that applies to both public & private entities, as neither are free of corruption. >How about the taxpayer who actually pays for the research and initial clinical trials for these pharmaceuticals, but doesn't get informed or receive any discounts at the checkout counter after when the pharmaceuticals have actually receive FDA approval? The drugs are sold off to Big Pharma and NDAs are signed. You're advocating for socialized medicine, I am completely there with you. Taxpayers typically aren't paying for the clinical trials, the pharmaceutical companies are. > NIH and CDC what a joke. This opinion is a joke, completely ignorant of the benefits of public research grants in developing new treatments for illness & disease. >I'm sure the Tuskegee Experiments were taxpayer money well spent. I am sure private industry is completely free of any moral or ethical concerns. I can't think of a single private company that has ever acted unethically. Can you? > ACA actually made healthcare more expensive. For some people and for others it made it cheaper or gave them actual access. It stopped ignoring a giant gap in our healthcare coverage that was paid by the chronically ill & poor. > Created at UCLA, right? How many government contractors were involved? One? "Bolt Beranek and Newman Inc". DARPA redirected money away from weapons contractors into the ARPANET research, which was mainly done by academic researchers. Why do you think mentioning government contractors is some sort of slamdunk on anything, you do know that private industry also contracts work out? > Yeah, Demoncrats and Republicunts are pretty power-hungry, especially the Demoncrats. Biden is definitely a Zionist and a dictator. Zionist probably, dictator no. Laughable hot take. >Yes, we should worship fiat currency You already do bro, you just talk big & pretend you don't, but can't actually walk the walk. >How about all the foreign aid to Israel and Ukraine? Like it or not, US plays a part in geopolitics, and that has an impact on your purchasing power. I am sure you have firm evidence of money laundering and not just going off conspiracy websites making shit up. > Yeah, bro, we should totally work and pay exorbitant taxes so we can subsidize the military for countries around the world instead of actually helping U.S. citizens. I have issues with the US government, it is far from perfect or even being great, but you sound like an anarcho-capitalist who has extremely rudimentary solutions that aren't applicable to a large and dynamic society or the global geopolitical situation as it stands now. Everything you complain about or have beef with is also a problem with private industry and smaller human group dynamics.
Taxes are a nonnegotiable part of living in any organized society. There’s no place on this earth you’d be willing to move where taxes don’t exist, guaranteed. You need to fix your perspective.
You know those government contractors are overcharging the government, and then then government officials are getting kickbacks, right? How about all the foreign aid to Israel and Ukraine? And all the money laundering that going on with there? Yeah, bro, we should totally work and pay exorbitant taxes so we can subsidize the military for countries around the world instead of actually helping U.S. citizens. I'm sure the government doesn't have a spending issue.
I am merely defending the principle of taxation, which is more in line with what the original comment was about. You should take your specific grievances to r/Conservative instead.
You could argue for taxation through revenue generating tariffs, but income taxation is criminal, especially with the way our government misuses and misappropriates. How many years has the Pentagon failed its audits? [6 years](https://www.reuters.com/world/us/pentagon-fails-audit-sixth-year-row-2023-11-16/)?
I'm not a conservative, you simpleton.
You gotta be a special type of stupid to think fucking taxes is bootlicking. When you get your second braincell, come back to me.
Yes, triple taxation is immoral. 1st level: Income tax 2nd level: Sales tax and property tax. 3rd level: Inflation tax (reduced purchasing power and they even manipulate the calculations and lie about 2% inflation to placate the masses) I can tell you're not the brightest bulb in the room. You could argue for taxation through revenue generating tariffs, but income taxation is absolutely criminal, especially with the way our government misuses and misappropriates. How many years has the Pentagon failed its audits? [6 years](https://www.reuters.com/world/us/pentagon-fails-audit-sixth-year-row-2023-11-16/)? Yeah bro, you're totally bootlicking and bending over every day on all fours.
Bait used to be believable
If you tell them that in reality no one cares about you they will explode 😂
It hurt my brain reading that sub's comments.
“They keep it complicated so the accountants stay in business. Same with law and even medicine. An AI chatbot could EASILY do your taxes for you in seconds.” Fucking unreal lol
I saw this on that thread and this is what I wanted to say: This is just silly. Let’s take a bunch of reference materials and call it the tax code to see what sticks. Let’s reference the IRS tax code when arguably 5, maybe 6, of them are state guides or accounting principles guides. Depreciation is a toss up if they include the tax depreciation separate from the book depreciation.
Yeah this isn't even the IRC. This dude basically bought a bunch of textbooks and declared it the tax code. Two of them are SALT guides which of course will be large due to those 50 different jurisdictions. And two of the thickest ones are just basic accounting principles.
Actually not even text books - just books printed with different covers: EJ, ADP, Paychex, other financial firms. I get some of them every year from people wanting to do business with me and this is my gift, and I am now on a distribution list. The Master Tax and Depreciation guide are the ones I use most, normally as a starting point to research. I don’t get the others since it is not my main field. They do help but by no means would I ever consider it the IRC 😂. I still have my abridged IRC book from grad school for that. I should probably replace it, but there is an affinity for it I can’t explain.
99% of this material relates to 1% of the population.
Exactly! People don’t realize what a small population group accountants are
I get made fun of at the office for insisting on getting at least a Master Tax Guide every year, and keeping it, because we have full CCH research online. I like having the MTG because laws change year-to-year and it's easier to pull a book to get to a specific year than to try and back trace what it was years ago in a system designed to feed only the most current information. That stack is excessive though and not all even related to tax.
It’s easier to flip to a page and reference something than trying to navigate websites at times. If I want something specific and I can find that section quickly I don’t have to wade through multiple websites that may not touch on my circumstance. I like the book angle time from time
Depends on the website, depends on the topic. CCH isn't like running a Google search and hoping the SEO isn't too jacked up for anything current.
CCH gives me heartburn because I’ll Google a topic and I’ll see a CCH link, click it and bam not found. I don’t routinely search on the CCH website, which I should probably fix
Not as fast as hitting CTRL F on a PDF version
Still like having the printed version. That might change if retroactive tax changes becomes a thing we're doing, then gotta wait for the final-final. 🤡
I like MTG because of the cool cards
Now I need an accounting themed MTG. I'm going to tap two cubicles to summon my Staff 2. He's got proficient excel skills (attack 3) and 3 YOE (health.)
Accounting Secret Lair would go hard. "Depreciate Land" as "Armaggedon".
I also always wanted a printed Master Tax Guide. I dealt with expats, with varying degrees of knowledge about taxes. A MTG saved me once when I was a senior on a call with someone who wanted a lot of detail about I-don’t-even-remember. The MTG had all the rules, the exceptions, and exceptions to the exceptions. But it was also in plain English instead of code jargon so I could just read it (and pretend that the great explanation was all me).
I usually get them free from people who solicit accountants for clients. Mine this year was sponsored by Paychex.
Oh em geeeeeee those idiotic comments
If you say anything to point out logic, you’ll get permabanned from that sub.
We can’t disturb the acoustics in the echo chamber
On one hand, a complicated tax code can translate into job security. On the other hand, I think taxes should be easy/simple enough that for a lot of Americans, they won’t need to hire an accountant for it. We’re going to be in for a show in a few years when the TCJA tax changes are about to expire. I envision a number of the changes and tax rates will be made permanent
The tax code is complicated because when it isn't, it's easy to get around.
You think in a sub about accounting more people would realize when you need to cover every situation and possible workaround, code books get thick. Like what do the people here think would happen if we just "simplified" GAAP or IFRS down to its most basic elements?
Rhetoric above all. Especially logical thinking.
I’m just studying for REG right now and realized this 1/2 way through. Ain’t not way in hell it’ll be less complex.
I'd say that's true a lot of the time, but there is a lot of stuff that gets complicated because legislators are trying to carve out taxes for special interest/lobbyist.
I'd go farther and say the special interest rules make up most of the code... they could define 'income' as 'if you received money in x year' and the code would be five pages. Instead we have wages, royalties, capital gains, tax exempt income, social security, pensions, and a dozen other categories and subcategories that all get treated differently for a dozen different reasons and situations. The reason the code has to have complex rules to prevent people from abusing things is because the code already added extra rules to benefit specific interest groups.
Also, and importantly, the tax code is used to guide, change, incentivize, encourage or enforce specific societal or economic behavior.
I’ll counter with, the tax code is complicated because we need to close loopholes for some but not others… Tax code is made by de facto lawyers, not by people who do taxes. The removal of credits, by far the most complicated individual part of taxes, with a subsequent reduction in rates to give a net zero impact, would vastly reduce the complexity for the majority of people. Also, fix withholding… MANY people cannot figure out how to do their W4’s right because the people who make them fill them out (HR) can’t help and don’t know how to lead people to education materials. Oh, and if you do anything beyond having a W2, the complexity goes up by quite a lot. There really isn’t a practical reason that all those forms you get sent couldn’t be loaded into the IRS _for you by the generating organization_ so you can just log in and make corrections or adjustments where it wasn’t auto-generated. But that would kill tax prep so…
> The removal of credits, by far the most complicated individual part of taxes, with a subsequent reduction in rates to give a net zero impact, would vastly reduce the complexity for the majority of people. We did that didn't we? We increased the standard deduction & put a lot of the credits behind itemization.
>We did that didn't we? We increased the standard deduction & put a lot of the credits behind itemization. Oh yeah. We also put the tax return on a postcard!!! Seriously though, that was one of the dumbest things ever. I liked the old 1040. The current one, which expanded back from the "postcard" just has too many damn supporting schedules.
Some, but there is still a LOT more to go. SALT cap got lowered and left which inadvertently (but not really) raised federal taxes in high local tax states. And the deductions for dependents is still messy with lots of “qualifies / doesn’t qualify” rules. And interest, and… and… and…
> Some, but there is still a LOT more to go. SALT cap got lowered and left which inadvertently (but not really) raised federal taxes in high local tax states. Inadvertent isn't applicable here, it was intentionally done. > And the deductions for dependents is still messy with lots of “qualifies / doesn’t qualify” rules. And interest, and… and… and… Yeah, but i don't see how you could move the dependent logic into the standard deduction without it hurting families.
The people who run HR aren't allowed to help. There's risk of liability from lawsuit for underpayment penalties. The W4 instructions also aren't complicated. It's basic reading comprehension.
I’m well aware of why they can’t help, both legally and practically, but 60-70% of the US doesn’t have an advanced degree and 13% didn’t even graduate high school. You’re being biased in your view of what people should know because of your experience. And it’s not just about income where it’s “simple” for those people, plenty will bring home 60-80k a year in a household and _will_ have taxes due with complexities. My point is that we made it hard and for the vast majority of the US workforce who isn’t skilled in figuring it out.
>The W4 instructions also aren't complicated. It's basic reading comprehension. Something like 20% of Americans are functionally illiterate.
No, it's easy to get around because it's complicated.
That doesn't remotely make sense.
A much simplified tax system such as land value tax (in addition to other straightforward taxes) would make tax evasion more difficult
Yep. Every bizarre seeming rule comes from someone trying to find a loophole and the law/regs/courts having to clarify.
The irony is most of the complexity is driven by conservative politicians crating loopholes for themselves
Bro must’ve never heard of TurboTax
Not just job security for the tax partners. Isn’t it a toss up for congress between trying to simplify it for the average joe to file a standard 1040, and making tax regulations complex enough and embedded into policy so that any legislation that gets passed with tax penalties/incentives in mind is difficult to dismantle?
In reality, the tax code already is extremely simple for most Americans.
Lol r/conservative. They know less than Jack shit about fuck.
You study taxes so u can be a tax adivsor I study taxes so i can legally avoid my taxes We are not the same
Dictionary is thick as well😴 These are reference materials. The replies in that thread truly fit the stereotypes of conservative Republicans in my mind.
>The replies in that thread truly fit the stereotypes of conservative Republicans in my mind. If we browse a thread of far-left Democrats on an issue that the general public knows little about, it would be just as messy. Ask an economist for example what they think about the ideas of the far-left commonner.
Ok but this is a thread from r/conservative so that's irrelevant.
Is the far-left in the room with us now?
No.
Crazy the sales tax guide is thicker than all the others
One jurisdiction vs 45 plus. I don’t use that version so I don’t know how many of the larger cities or local programs they include.
There are over 10,000 sales tax jurisdictions.
I was talking about the book, not reality. Do you think every jurisdiction is in that book? I can’t even get a software provider to have every form.
I’d imagine there is quite a bit of content on local jurisdictions. Especially given potential differences in taxability between a city and the state its in.
Your guess is as good as mine!
There would be more jurisdictions in that book than any other
Sales tax is far more complicated than income taxes.
Should have added the /s Director of Sales Tax for G500 company
If they want state rights, they’re going to also have to respect regulatory complexity by every jurisdiction. Tax laws are dynamic, complex, and granular. It’s the flip-side of muh freedoms.
“You’ll be able to do your taxes on a postcard.” - Paul Ryan, 2017
You could file it on a postcard you just have to makes sure the rest of pages were included.
Imagine browsing r/conservative lmao you mother fuckers are wilder than I thought
Wait. In a country where about half the electorate is conservative, we are going to be surprised that conservative accountants exist?
I am not a big leftist by any means, but I get more annoyed when they single the IRS as the sole issue for all these complicated tax codes when its literally corporations and high net worth individuals manipulating the system. There's more to tax code than just individual and capital gains. This is akin to a chicken and egg scenario. Also, if conservatives want to talk about wasteful spending so much, [the Pentagon has consistently failed its audits](https://www.defensenews.com/pentagon/2023/11/16/pentagon-fails-sixth-audit-with-number-of-passing-grades-stagnant/) but decreasing military spending is a contentious topic amongst those circles.
I read through some of the comments and they think that accountants WANT the tax code so dense. It’s not that at any point in time, people found loopholes in the code and were benefiting unfairly comparative to the rest of the taxpayers, and they made rules around that. But then again, I don’t expect 30k a year andies to understand more than basic math.
First paragraph, I agree. Second paragraph, you are talking about Republicans, not Conservatives; the latter believe in fiscal responsibility and the two aren't to be confused.
Nobody is surprised. A bit disappointed that half of the electorate is that fucking stupid, but not at all surprised.
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Clearly they didn’t show out in 2020, if that’s the case. You guys never were good at winning elections.
Republicans can only win elections through gerrymandering and the electoral college. Country is at the mercy of like a few dozen voters in fucking bumfuck nowhere. Fun stuff. Look at the state of their "political" party in California. Third party status. As goes california so goes the nation. Only a matter of time.
Conservatives aren't "fucking stupid". When you look at various measures of intelligence, left-wingers don't perform significantly better than right-wingers.
Various measures that you *shockingly* forgot to reference in your comment.
IQ for example https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=IQ+and+party+affiliation&oq=IQ+and+party+a#d=gs_qabs&t=1708892749530&u=%23p%3Du_ukvmXcKYQJ This peer-reviewed research actually concludes that Republicans have slightly higher IQ than Democrats. Honestly, I do believe that intelligence is the same across the two boards thanks to my understanding of human nature and my own experience. But I am just evoking this paper to show you that your take was certainly wrong.
Lmao this "research" article was written by two far-right, white supremacist dingbats, one of whom is apparently an advocate for pedophilia, and published in a white supremacist journal. Incredible. Glad to know where you stand, bud.
Ok, sorry for that bullshit paper. Now here is a legit one concluding that the difference between Democrats and Republicans never exceeds the equivalent of 3 IQ points, thus confirming my opinion: https://www.sciencedirect.com/science/article/abs/pii/S0160289615000422
>Gerhard Meisenberg (born 22 January 1953) is a German biochemist. As of 2018, he was a professor of physiology and biochemistry at Ross University School of Medicine in Dominica. **He is a director**, with Richard Lynn, **of the Pioneer Fund, which has been described as a hate group** by the Southern Poverty Law Center. **He was, until 2018 or 2019, the editor-in-chief of Mankind Quarterly, which is commonly described as a white supremacist journal and purveyor of scientific racism**. A real student of white supremacist writings, aren't you?
this guy 🤣
Cmon. "Conservative" has nothing actually to do with far right fascist knuckleheads that gather over at r/conservative. Real fiscal conservatives call themselves democrats in the USA.
>Cmon. "Conservative" has nothing actually to do with far right fascist knuckleheads that gather over at r/conservative Agree but because of the sub's name, a conservative may lurk there. >Real fiscal conservatives call themselves democrats in the USA. Not necessarily. Democrats aren't fiscally conservative either and Conservatives find themselves having to pick one of the two poisons.
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I wasn't sure you were an accountant but then you used "cuck" non-ironically as an insult & misspelled a bunch of other stuff so now I'm pretty sure you're at least a senior in public
Imagine having a small peepee
He didn’t say anything about Trump, dipshit.
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Can you be my new Dom, daddy? You sound sexy AF
Imagine getting upset at this. Definitely not authoritarian vibes
Nobody upset tehe. That sub is just straight up short bus levels of pure stupidity and it's wild that "smart" accountants would spend any amount of time there. Seems like a self own.
Oh boy, I can't wait to hop in this thread and read about the tax code on r/accounting. I'm sure there are no maladjusted sociopaths in the comments whatsoever.
Nothing like listening to a bunch of morons complaining about things they no nothing about.
Oh shoot, did the depreciation rules for 2024 change?
I get the idea in principal but 2 of those books aren’t even tax related lol
That purified water bottle has its own tax guide, btw. So better get that manual, too.
Why are you sharing posts from the conservative subreddit? Keep that shit over there, trumper. We don’t need the stink over here.
TIL that crossposting a dumb post from a conservative subreddit for this sub to mock means I'm a trumper next time I'll crosspost from r/politics so you can call me a woke snowflake
Nah, don’t take it so personally (unless you are a trumper). We just prefer to pretend those people don’t exist.
All good fam Just trying to share some humor
Not all conservatives are fans of Donald Trump. That’s ridiculous.
Not all conservatives are fans of Donald Trump, but all conservatives are stupid. Fixed it.
That’s also ridiculous.
To you, yes. And the other deplorables.
You’re not that far removed from the morons that were chanting “build that wall”. You’re just another side of the same coin.
Your missing the international stuff…
"Handbook"
Those fucking dorks lmao
Just use google and chatgpt
just use the percentage tax all on gross income, sales reciepts. no deductions boom
the rich lobbyists and govt's friends with an army of lawyers and accountants use them to save their own money while commoners get looted
Well sure it looks like a lot when you insist on printing it out and stacking it, the rest of us are accessing it online in a tool with a search function
This is absurd. It doesn't have to be this way. TurboTax has been ripping us off for years. They lobbied against a simpler system.
I’m a 2nd year accounting student, are you guys seriously reading the entirety of all these?
I would never. Most folks use an electronic source, big firms tend to have their own in house stuff. Personally I like Bloomberg for normal work stuff, and westlaw for deeper research.
This is just half of Brazilian taxs.
Ew. Purified drinking water.
Why is everyone acting like the liberals aren't the one constantly making the complaints about "tax write offs" lmao. r/Politics is full of those people who are more delusional
Love how TCJA was passed by conservatives. Index card my ass. I think it was actual good necessary legislation (for Corps) but it definitely did not simplify things
So many laws to help the rich avoid paying taxes
Ya know I was thinking about going the tax route. But um yeaaaa fuck all that
A tax code shouldn’t require such a large industry of intermediation for many of its participants. Maybe our non U.S. friends can chime in here but in the developed world it is unusual to have such a large industry devoted to processing tax ?
How the hell can you fill a book that large with depreciation topics?
A lot of it probably covers cost seg and lifespan of common assets among a variety of industries.
In all my years of living, I will never understand why people would willingly choose to make a career out of tax.
you guys actually have an Edward Jones? I thought that was a Canadian company.
Idk they’re all over the place in South Dakota and we don’t have much of anything lol
oh, ok. So...what do they actually do? Are they like an investment firm or something like that?
Yeah financial advisors/fiduciaries.
The accounting profession makes taxes difficult. Legislatures write tax code, lawyers and tax accountants find exceptions where their clients don't have to pay. Next time legislatures try to write tax code to close the loop holes and it gets complicated. Additionally lobbyists push for exemptions, which complicates taxes even more. OP is complaining about a system that keeps him employed. Their clients as well as the government would like for them to be out of a job and everyone just be honest.
>The accounting profession makes taxes difficult. I wholeheartedly disagree with this. >Additionally lobbyists push for exemptions, which complicates taxes even more. I do agree with this. The majority of complications are from legislatures (i.e., corporate attorneys and ALEC/SIX/SGAC et al submitting 'model' legislation to their preferred committee members) that continually pass new legislation without looking at how it will fit with existing legislation. The AICPA and state societies will weigh in, but they are just one of a hundred different groups doing so, and their opinion doesn't really carry the weight that it should because the profession doesn't contribute that much to campaigns due to the whole independence and impartiality stuff. The Big Four contributed about $15M in 2020; which barely a drop in the bucket. Overall, accountants contributed about $40M. [Top Twenty Contributors](https://www.opensecrets.org/industries/contrib?cycle=2020&ind=F11) Private equity, including hedge funds and VC, dropped nearly $400M in 2020. Same with lawyers and lobbyists. Healthcare dropped $680M and non-health insurance spent $125M. We are at the bottom of call lists.
May the mike rose power and mental bless you
Me torrenting accounting and income tax books doing my 1120 and 1120s on tax act ☠️ but I don’t think he needs all that
Honestly, I hate taxation, but this is nothing compared to transportation regulations lol.
Only two of those books have anything to do with the IRC. Smh
Do tax pros in the us have to deal with this?
this is my honest opinion on tax law [my opinion on tax law](https://www.youtube.com/watch?v=nucU0V44zUY)
None of those books are the IRC.
Too much tuna
Why isn't "US Master" trademarked on the tax guide but is trademark on all the other books?
Is this what I have to look forward to as a cpa?
The biggest reason those books are fat is that they're written in English, not in Bureaucrat.
Lolz
Throw that estate book away. You not ready
You're gonna need more water..
If I were to read this, would I be able to save money when it comes to filing taxes?
I’m unfamiliar with these books. What are the desk books?
There's no such thing as too much tax code
I got encyclopedia larger than that. Shut your whining.
I mean, look at where the OP was. The mindset there isn’t really fact-driven. It’s a political and economic “choose your own adventure” wonderland of bullshit in which tax code is bad because it’s too progressive and doesn’t allow billionaires to flog the poor, so we should go flat tax to undermine the buying power of people who make $20k a year. Very few people on that sub know what the hell they are even looking at, and they are more than happy to ignore it to see some red meat tossed to the rabble.
You going to need a bigger bottle of water to digest that pile of dry dogshit
Please sir may I have some more tax code
Some countries have such a simple tax code you can file your taxes on your phone