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.
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.