Most state gov't spending goes toward education, health care, & public welfare programs. Certainly w/in the context of a tax system in which capital expenditures are expensed, employer-sponsored health insurance is excluded, & charitable contributions are deductible ... 3/
I took intro tax courses in 2003ish. They consist of: - teaching you how to apply the tax code to a variety of scenarios - teaching you how to stay up to date over time as the tax law changes Since "income" is complex in the tax code, it's complex in tax classes.
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Right: it’s very complex in the code. It doesn’t have to be, which is my point.
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So why does it bother you that income tax courses treat income as being very complex? Introductory accounting courses give it a much simpler treatment, as you desire (I was an accounting major before I became a computer programmer).
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Oh, it doesn’t! It bothered me that Daniel seemed to be suggesting that income as a concept is too complex to simplify how we tax it, and the fact that I disagreed with him meant I didn’t understand the concept. If I misinterpreted that, my apologies.
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Income in accounting is a simple accounting identity, which is a nice thing. The problem is that even if you tax on this basis, re-categorizing income becomes the next frontier.
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To clarify my position: it’s not I can eliminate gaming entirely. It’s that there is a much better way to tax that would reduce easy opportunities to game the system.
End of conversation
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