Posted by taxguru on March 13, 2001
Tax Reform Promises Are Like Apple Pies
This isn’t for the squeamish.
Several years ago, I came up with the analogy of how the process of tax reform laws being developed by Congress is exactly like the process the human body does to an apple pie. While the initial proposal (pie) is very appetizing, the end result looks & smells very different.
With that exact same process currently underway in Congress on the Bush tax cut proposal, I thought another look at this is in order. I have posted on my website a more detailed description plus a copy of my infamous poster illustrating this process.
KMK
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