They want to replace a mildly progressive tax with a decidedly regressive tax and make the argument about fairness? You can have an articulate argument about whether income taxes deter economic development. You can have an argument about whether such taxes lead to out migration of people and firms. Heck you can have a philosophical argument about whether society should be able to tax the fruit of your labor (or your trust fund). But you cannot argue with a straight face that replacing an income tax with a broad based sales tax (one that taxes necessities) is fair. That insults people’s intelligence. [David Brunori]
Get Between the Spreadsheets with us.
No time for another typical newsletter? It's not exactly news, and it's definitely not typical. Just check out our archive.
Accounting News Roundup: Hiring Unqualified Entry-Level Accountants; KPMG Houston's New Boss; People Worry About Tax Reform | 08.27.150 2,941
Accountants Behaving Badly Accounting jobs Accounting News AICPA Auditors BDO Big 4 Busy season Career advice Careers CFOs China Compensation CPA Exam CPAs Deloitte Ernst & Young EY FASB Footnotes Fraud Grant Thornton IASB IFRS Interns IRS Job of the Day KPMG Lawsuits Layoffs McGladrey NASBA Need a job? Partners PCAOB Politics Promotions Public Accounting PwC Quote of the Day Raises or Lack Thereof Rumors SEC Small Business Studying for the CPA exam Tax cuts Taxes Tax policy Technology Twitter