65 Americans spend $546 billion trying to figure out their taxes. Because the tax code is 10 million words of incomprehensible legalese. 21 times longer than the Lord of the Rings trilogy. (twitter.com) posted 35 days ago by brain_dead 35 days ago by brain_dead +65 / -0 24 comments share 24 comments share save hide report block hide replies
The entire accounting industry is shitting bricks right now.
Clearly you don't understand the accounting industry. I am an accountant and cannot wait for the IRS to be completely shut down....
Tax accounting is only one of many accounting disciplines....
I was only looking at the number of $546B spent on tax prep, and if that revenue is no longer there, that is a sizable chunk to suddenly miss. So maybe "industry" was the wrong word. But tax accountants will be impacted.
They absolutely will be impacted