New Bill introduced will eliminate the IRS and replace federal income tax with a "Fair Tax" bill
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As a 35 year CPA I’m against this. Two basic reasons. One, the sales tax is the purview of the states.
Second, and more important…never ever ever give those fuckers a new way to tax us. You can bet your ass when it’s all said and done they will still have all the old ways and now another new way. Guaranteed.
Tease...but if the IRS goes and there is a truly "fair tax" then CPA schools will shut down too. Just like when the "disease maintenance system" folds after this VAX DECLASS I with my 30+ years in the medical field will become obsolete. Start studying "light, vibration and frequency" and learn to CREATE. That will be our new JOB, Creation.
There will always be a need for honest medical practitioners, and probably a lot of job openings coming soon.
Will always need CPAs - they're not just tax guys.
Also true.
CPAs will still need to do corporate tax work.
This ^^^^^^
Never give them the opportunity to tax you a new and different way.
UNLESS THE PEOPLE WISE UP and learn what their rights are and what the gov is allowed to do, ALL ACCORDING TO THE CONSTITUTION.
An don't forget the climate taxes. When it rains, some leftist local governments charge a rain tax. When it doesn't rain enough some leftists charge a surcharge or fines for unapproved water use. Carbon taxes are the new shiny tool. Trudeau just justified his covid hoax lockdown because it reduced our carbon output. So now when its cold, leftists will tax and regulate energy. When its hot, they will do the same. When its mild and you want to go on vacation, they will tax that even more.
Who would you rather try to stymie. Your local government or the feds? Bri g it local and we can control it.
This does feel like a fake solution to trick us into supporting the GOP swamp.
Another thing I don't like about it is you must have to have every sale identified to your SSN so they can send you a rebate check. Essentially this means the end of cash and any privacy in buying and selling.
Most CPAs are against it because it would eliminate the need for your profession (other than auditing, of course).
Please consider putting the good of your fellow countrymen over your career - you can always retrain in another field.
I’m all for tax simplification. When I started the average couple could do their own return by hand without the aid of a CPA or even TurboTax. We need to get back to that.
My reason is what I said it was. Nothing self serving intended.
Irs needs to go. There is nothing to fear in removing them.
I watched Reagan lower the rates and take away the deductions. Guess what, over time they raised the rates and we never got the deductions back.
I watched them pass the AMT ostensibly to make GE pay income taxes. Guess what, now now mid career couples are paying it.
Do I need to go on? I’ve watched these guys in action my entire career and when they start fucking with the tax code it’s not to save or make you or me any money. It’s to take more. There is A LOT to fear.