NO, YOU IDIOTS. THAT’S NOT HOW TAXES WORK. – AN ACCOUNTANT’S GUIDE TO WHY YOU ARE A GULLIBLE MORON
A retired accountant explains why the NYT, the "media" and the Progs $#@!ing about Trump's taxes are retarded.
I posted that last night on Facebook, and sure enough, this morning my feed is filled with people who don’t know $#@! about taxes retweeting the stupid opinions of other morons who also don’t know $#@! about taxes. This is just as annoying as last week when these same idiots all suddenly became Constitutional Scholars. Or the month before that when they were all experts on use of force laws and police tactics. Or the month before that when they suddenly got their epidemiology degrees from the University of Internet and turned into infectious disease experts. Holy $#@!, you Dunning-Krugerands are annoying. Of course the comments are all about the “morality” of paying your “fair share”. Which isn’t how any of this works in real life. Just stop it with your vapid hot takes already. You clearly have a child-like grasp of a complex topic, and your words are making America dumber.
As a former accountant, please allow me to explain why all of today’s newly formed tax experts are $#@!ing morons, and we should metaphorically put a brick in a sock and beat them over the head with it until they shut up.
I’m going to keep this blog post simple. I’m not going to get into any of the specifics of the leaked Trump taxes. Why? Because:
- We don’t know how full of $#@! the NYT is, and you don’t do taxes based on rumors and innuendo. You do taxes based upon financial statements and the company’s books
- This $#@! is super complicated and my happy ass is retired and likes getting paid more money to write books instead of reading through thousands of pages of IRS regs.
So big picture time…
First off, “morality” doesn’t have jack $#@! to do with taxation. You pay what you legally owe. Nobody willingly pays the government more than they legally owe.
This has always been this way since America has had income taxes. There is endless court precedent. You pay what you legally owe. That’s it. If you pay less than you legally owe, then the government will fine or imprison you. If you pay more than you legal owe, the government will laugh and laugh, because you are an idiot, and you deserve to be poor.
Every single person who barks about how somebody else should be paying more? They themselves are paying the minimum they can get away with. As they should. As should you.
I remember when I was taking my first tax class back in college. This class was all accounting majors by this point. At the beginning of the semester the professor (who’d had a long career as a tax guy) gave us an imaginary family as our clients and had us do their taxes. One kid didn’t take advantage of all the obvious deductions for his clients. When the professor asked why, the kid said some mushy thing about how he didn’t think it was FAIR to keep that money from the government… Holy $#@!. The professor ripped this kid a new $#@!. HOW DARE YOU!?! IT IS NOT THE GOVERNMENT’S MONEY! IT IS YOUR CLIENT’S MONEY. YOU OWE THEM YOUR BEST! IT IS YOUR SACRED DUTY TO SAVE THEIR MONEY! YOU DISGUST ME AND YOU SHOULD NEVER BE A CPA!
Read the rest of the article at the link.
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Originally Posted by MMC
