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Old April 16th 08, 04:00 PM posted to rec.aviation.owning
Jay Honeck[_2_]
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Posts: 943
Default What a Wonderful Morning

Bring on flat tax. I'll take my chances.

Amen, brother -- but not because it will lower my tax rate.

I just finished another tax season as a the owner of an S Corporation.
This was my 15th year as the owner of a corporation, during which time I've
owned three businesses.

Although I started as a business major in college, way back in "the day", I
finished with a degree in English -- so I'm not CPA material. Nonetheless,
I started doing business on a paper ledger sheet, graduated to "Managing
Your Money", and have now progressed to using "Quickbooks Pro" to run the
show. I personally figure and process all the various and sundry tax forms
each month, and each quarter, and have thus far evaded both bankruptcy and
the taxman's wrath.

Despite this, at the end of the year I am forced to pay a CPA an absurd
amount of money to do my year-end corporate taxes. The resulting returns
are well over 2 inches thick, and contain dozens of pages of
incomprehensible tables and numbers. It would not be inaccurate or unkind
to say that I don't fully understand them, even AFTER I sign them -- which
is an absurd state of affairs.

A flat tax could eliminate all this bull****. Or, at the very least,
simplify it to the point where a simple, college-educated business owner
could actually do and understand his own year-end business taxes. But then,
of course, we would no longer be baffled by all the bull****, which would
shine a harsh light on how much we're all really paying -- something the
gummint has NO interest in divulging.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"