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Tuesday, 03 February 2009 |
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Now three of President Obama’s nominees have run into tax problems. Timothy Geithner managed to get through the confirmation process, but Nancy Killefer and Tom Daschle withdrew from consideration. Let’s assume that it was an accounting error on their parts and not some sinister plot to avoid paying taxes. Then I ask this question…if these wealthy politicians with accountants, I assume, can’t figure out the tax system, how does the government expect the average person to? How about those of us that do their own taxes?
Every year, I pile up all my receipts and go through the painstaking process of entering everything into a spreadsheet. Even with my minimal deductions, I have to guess where it goes since the instructions are generally terrible. People with more complex lives, like politicans, probably have much more complex tax returns. If their accountants can’t seem to get it right, then I’m confident I screwed a few things up along the way. My mistakes won’t amount to $128,000, but any additional taxes I would have to pay are dollars I don’t have.
From this lesson the Obama administration should learn that the tax system is too complex and desperately needs to be overhauled. I shouldn't need an accountant to do my taxes properly. Even if I did, it seems they can’t get it right either. Quote this article on your site
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