The Tax Reformers’ Tax Increase – A good look at the history of the insane AMT and how our clueless rulers in DC have allowed it to ensnare more and more people every year.  As long as the money for the imperial Federal government is considered to be more important than basic fairness, we shouldn’t hold our breath waiting for our rulers to do the right thing and scrap this monstrosity. 

From Ohio CPA Dana Stahl:

Subject: Tax reform panel

 

Mr Guru – I spent this morning reviewing & organizing some of my files.  I came across a comment from your blog dated 1/10/05 concerning the President’s Tax Reform Panel.  Your comments were quite prophetic, indeed, as the Panel’s final product & recommendations (at least as I understand it) are nothing more than tinkering with the tax code around the edges, but no “real” reform.  That would involve scrapping the whole damned mess & starting over.  So, your skepticism was well-founded on how the Panel would not really change anything.

 

Dana Stahl, CPA

Sandusky, OH

My Reply:

Dana:

As I constantly have to remind people who get their hopes up each time a tax reform agenda is announced, we’ve been down this road countless times, with the same results.  A tax code as insanely packaged as we have can’t be fixed patchwork style without completely removing it and starting from scratch with something new.  We just continue to end up with different variations of Frankenstein monsters.

Kerry