No, You Idiots. That’s Not How Taxes Work, Concluded – An Accountant’s Guide To Why You Are a Gullible Moron

More on accounting inspired by NYT article on Trump taxes . . .

Oak Park Chronicles

Earlier post set us up for this.

One thing that’s really unfair about our tax system is that it is rigged in favor of people who have more resources. Government meddling makes it more costly to conduct business. The more complicated the regulatory burden, the more smaller companies can’t compete. Make the laws complicated enough and the only companies that stay in business are the ones who can afford to pay for twenty guys like me. (my last regular accounting job paid extremely well, and nearly everything I did was jump through government mandated hoops, filling out government mandated paperwork which nobody in the government would probably ever read)

A fun job.

Trump has those resources. I bet he’s got a room full of accountants, and their leader is probably a grizzled old CPA with an eye patch and a raven who sits on his shoulder. The raven also has…

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No, You Idiots. That’s Not How Taxes Work. – An Accountant’s Guide To Why You Are a Gullible Moron, an earthy account

By Larry Correia, via:

Oak Park Chronicles

I posted that last night on Facebook, and sure enough, this morning my feed is filled with people who don’t know shit about taxes retweeting the stupid opinions of other morons who also don’t know shit 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.

It’s a problem, he’s got that right.

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…

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With the headline screaming, in all caps, “LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEAR S OF TAX AVOIDANCE” (NY Times). Both Trump and his lawyer deny the central claim that he has paid so little in taxes (Fox News)

Point and counterpoint

Chicago Newspapers

Start with screaming headline — but don’t bother if yr not subscribed.

With the headline screaming, in all caps, “LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE” (NY Times).

Then, because you want to hear the other side of the story, go here:

A lawyer for the Trump Organization, Alan Garten . . . denied to the New York Times that the president paid such a small amount of taxes – saying in a statement obtained by Fox News that Trump “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”

“The New York Times’ story is riddled with gross inaccuracies. Over the past decade the President has paid tens of millions of dollars in personal taxes to the federal government,” Garten said. “While we tried to…

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