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It's only when people have to do their taxes that they realize how screwy our system is. The 1099 independent contractors understand this one. Maybe. . . but
by shawnee_ 14y ago
It's only when people have to do their taxes that they realize how screwy our system is. The 1099 independent contractors understand this one.
Maybe. . . but why should a person need to hire a CPA if he is, say, a construction worker who earns < $25K per year?
The actual problem is that the core tax code focuses on deductions rather than income. That is, the tax code has become more complicated over time because all the incentives are going to businesses and individuals to maximize deductions in order to attain as low of a taxable income as possible. The "maximizing deductions" side of the coin almost creates something of a stack overflow problem because of the the recursion.
I've thought for a long time; definitely time to refactor. One idea from awhile back -- http://ink.hackeress.com/2012/11/re-engineering-tax-code-part-i.html http://ink.hackeress.com/2012/11/re-engineering-tax-code-par...