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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (694273)	7/29/2005 12:32:18 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 769667

I trained to be part of the entrenched Tax Preparation industry but ended up in industry and let my tax knowledge atrophy. It is a shame, because I understood the strategic part better than most ever will. I can still do my own taxes with software despite running onto multiple forms and having to maintain certain schedules covering many years. I would be happier with a flat tax, my tax would stay fairly constant, and my recordkeeping time would diminish greatly. I feel that taxing corporation is an either or situation. You can either tax the corporation or the intervals. Taxing the same income multiple times is unfair. Another unfair tax is inflation tax. I knew a woman whose father died while she was a child in the nineteenth century. He left her stock in a family controlled company. When she died almost eighty years later, The stock had the same buying power, but had not appreciated in real value. (The company was run for income to owners.) There were very large capital gains taxes due on the inflation. Even if every tax preparation job was lost at the same time, I would not worry about you and your peers’ ability to earn a livelihood. CPAs and most lawyers are very intelligent people. In no time the displaced Tax Preparers would be earning money from other aspects of their professions.