Tax Accountants

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Wednesday, 30 September 2009

How does that work?

Posted on 08:15 by Unknown
As many tax bloggers have noted, the White House has requested ideas for the President's Economic Recovery Advisory Board to develop options for tax reform.

The blog includes this note:
The mandate to the PERAB is NOT to recommend a new tax system. They are to consider ideas on tax simplification, better enforcement of tax law, and reforming corporate taxes and to present the pros and cons of potential tax options... So be mindful of their constraints when submitting ideas.
I struggle to understand how we can get real tax simplification without recommending a new tax system. Maybe it's that my interpretation of the words "simplification" and "tax system" are not consistent with the government's. Because the way I see it, we can't get simplification without seriously revamping the system.

As often happens, I find myself comparing this situation to medicine (which just might have something to do with being married to a doctor). If we only change a code section here, or a regulation there, we're just treating symptoms and not the disease.

Just like when we keep adding new credits and deductions, we keep trying to cure our economic ailments with more and more medication. And from the stories I hear, more medication is not always the best answer! It often makes things worse.

In this stupor of mine, I cannot think of a recommendation to give the White House that would feel like anything more than treating a minor symptom of a dreadful disease. How depressing.
Email ThisBlogThis!Share to XShare to Facebook
Posted in Accounting and Auditing, Obama Administration, Tax Policy | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • And so it begins
    Spending a beautiful Friday afternoon with four kids running around (only two are mine), I took a moment to check Twitter chatter, and was e...
  • You know you're addicted to Twitter when...
    You're checking Twitter while sitting in the Orpheum Theater in San Francisco waiting for Wicked to begin. In my defense, I had not bee...

Categories

  • Accounting and Auditing
  • Blogosphere
  • California
  • Celebrities
  • CPAs
  • Education
  • Estate Tax
  • Ethics
  • Health Insurance
  • IRS
  • Obama Administration
  • Tax Enforcement
  • Tax Policy
  • Tax Preparation
  • Tax Professionals
  • Tax Reform

Blog Archive

  • ►  2012 (1)
    • ►  September (1)
  • ►  2011 (2)
    • ►  June (1)
    • ►  February (1)
  • ►  2010 (18)
    • ►  August (2)
    • ►  July (2)
    • ►  June (2)
    • ►  May (4)
    • ►  April (2)
    • ►  February (2)
    • ►  January (4)
  • ▼  2009 (40)
    • ►  December (1)
    • ►  November (4)
    • ►  October (3)
    • ▼  September (6)
      • 21st Century Taxation
      • How does that work?
      • An Inconvenient Tax
      • Slacker
      • A Day that will Live in Infamy
      • Accounting Cheese
    • ►  August (6)
    • ►  July (6)
    • ►  June (4)
    • ►  May (8)
    • ►  April (2)
Powered by Blogger.

About Me

Unknown
View my complete profile