Tuesday, April 18, 2006

National Absurdity Day

Yesterday was the last day to file your tax, better known as "National Absurdity Day." I prepared my own tax return. Do not feel bad because you did not prepare your own tax but instead paid someone else to do it. Do not doubt your own intelligence. I was able to do so because I was a tax preparer many moons and sun cycles ago. I did it part time and it was a very profitable part time job. But I could not help to think that it was absurd that people had to pay me so that they can pay their own government. I guess that is why I stopped doing it.
Our tax system is so bizzare that the tax payers cannot report their income to the government - and on top of the already heavy tax burden, have to pay someone else to do so. My friends, you are not less intelligent because you could not fine your own tax. Many of my clients were successful doctors and brilliant engineers. The idiots are the people who wrote the tax code. To quote my drill sergeant in Basic Training, the Internal Revenue Code, "was written by four monkeys on a crack pipe."
First of all, it does not even conform to our own accounting standard, better know as the General Accepted Accounting Principle (GAAP). Many of the codes are contradictory to GAAP. Companies have to keep two set of books, one conforms to GAAP, the other conforms to the tax code. Secondly, it follows no set of principle - no overall concept. Everything within it is completely arbitrary. One must follows one cross-reference which leads to another cross-reference and then to another, and so on so forth like an infinite labyrinth of mind game. This is the tax code of the most advanced nation on earth.
The Code (according to our own government) has 16,845 pages. Other than being grammartically corrected - it makes little sense. Even tax preparers know only the most common parts of the codes. And some people, who call themselves "progressives," (what's a misnomer!) thinks that the flat tax idea is fringe crazy concept.

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