American businesses will spend more just on the cost of compliance
with the IRS code than we spend on the war on terror, and we do it
EVERY year,
with no end in sight.
Man, that's for sure. I just paid over $1000 for my corporate taxes, for
the second year in a row. Until last year it was running about $600 per
year.
That is money that SHOULD have gone to my employees, or into landscaping, or
remodeling another suite -- but instead I must pay it out to some
bean-counter who pretends to understand the tax code.
And this is all ON TOP OF the hotel tax I pay.
....And the state sales tax.
....And FICA.
....And Medicare.
....And federal withholding.
....And FUTA.
....And State Unemployment.
The truly sad thing is that I do all the taxes except the year-end stuff
myself, without difficulty. But my year-end tax return is so complex that
I can't possibly understand it (The return itself is over two inches thick.
The supporting documentation is over a foot thick.), and don't even pretend
to read it. I just sign on the bottom line, and fork over the dough.
It's criminal, and it must be fixed, soon.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"