Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
That’s Not How Taxes Work
From Larry Correia, who is not only a bestselling author, but an accountant, on the New York Times’ Trump tax story: No, You Idiots. That’s Not How Taxes Work. – An Accountant’s Guide To Why You Are a Gullible Moron.
Of course the comments are all about the “morality” of paying your “fair share”. Which isn’t how any of this works in real life. Just stop it with your vapid hot takes already. You clearly have a child-like grasp of a complex topic, and your words are making America dumber.
As a former accountant, please allow me to explain why all of today’s newly formed tax experts are [redacted] morons, and we should metaphorically put a brick in a sock and beat them over the head with it until they shut up.
Hat tip to the priceless Instapundit, and language warning for the dewy-eyed.
Published in General
Yep! As a kid, one of my dreams was to become the chair of the Senate Finance Committee. (I was a weird kid with this weird dream). I wanted to emulate Russell Long, the Senator from the Great State of Louisiana who was the then chair and I was just a knobby-kneed kid growing up in the pine curtain of north Louisiana who thought it was amazing that someone from where I was from was so powerful. I got the idea that if you controlled the purse strings, you controlled the world! While my dream may have been silly, the principle is sound.
I eventually got an accounting degree, a master’s degree in taxation, a law degree and a CPA license. I guess I am kinda qualified for the job. Anywho…Larry Correia has said exactly what I was thinking…just more colorfully!
No to both for me. The personal finances of my fellow Americans are none of my business, as my finances are none of my neighbors’ business. There’s no criminal activity reported and it’s not for lack of trying on the media or government’s part. I’m much, much more concerned that the IRS has so much power as to destroy the lives of individuals (sometimes just by way of audits that make colonoscopies look pleasant and come up with nothing) and are not held accountable for targeted attacks against conservative groups, as has been well documented.
Nope & nope.
Next question.
No to both. Businesses like Trump’s, real estate and hospitality, are so easily crippled by outside events. Take the current climate. How many fortunes are teetering on the edge because of COVID? It doesn’t necessarily reflect on the business acumen of anyone who “fails” in the current climate.
A lot of folks ignorantly point to Trump’s Atlantic City failures as being aberrant. They never mention the other failures in the same market.
As Rob Long likes to point out, if you owe a million dollars YOU have a problem. If you owe $300M dollars the BANK has a problem.
If you don’t have failures in your business career, you’re not very good at business, or you’re not trying hard enough. One of the reasons I’m a wage slave instead of an entrepreneur is I don’t have the risk tolerance for the failures.
Well, it’s up again so must have been overwhelmed.
No. What really concerns me is that Trump said “there were good people on both sides” and that he tweeted the word “Covfefe.” How can anyone vote for someone like that! <end sarc>
Barter should be considered ‘natural law’.
No.
There are many people who have similar distinctions and, absent my having been cheated by them, it’s not my business as a matter of law.
And frankly, a cavalier attitude towards large sums of money is a prerequisite for presidential office.
They would probably try to claim it’s a bribe, “please don’t come after me after I leave office!”
I’d have to have a reason to be concerned, and I’m drawing a blank.
And your not concerned that the Biden family has received millions of dollars from foreign governments, the Ukraine, China and Romania. I don’t worry about a man coming to government already rich, I worry about a man coming to government spending 47 years and leaving rich.
How about man so dim that it takes him 47 years in government to become rich?
Yes: Glenn Reynolds and Scott Adams both picked it up, and the resulting instalanch brought down Larry’s blog.
I am also amazed by the intense attention to Republican candidate’s income & taxes by the media and the complete lack of interest in the Democrats income/taxes. Joe Biden used an S corporation to avoid paying SS and Medicare taxes on ~$13+ million in speaking fees and book revenues since leaving office. The lack of follow up on that issue would never happen to a GOP candidate- they would scream he ripped off grandma.
Now that is something I worry about.
It’s really cute how politicians will create tax incentives to encourage behavior, like building windmills, hiring the handicapped or whatever. Then when a company or a wealthy individual does the activity Congress wanted and takes the tax credit or deduction, the politicians become indignant. It’s like hiring someone to do a job and then acting offended because they had the gall to cash the paycheck.
Again, How about man so dim that it takes him 47 years in government to become rich?
Perfect.
There isn’t enough room for dead people on the pieces of paper I accept.
Between the Instalanche, the mention on Scott Adams podcast, and all the other references, it crashed the server. Larry is changing web hosting companies because of the response he got to the crash.
I saw on Twitter that Ricochet reached out to invite Larry on the flagship podcast. I wonder if he responded.
That would be awesome. I’ve seen Larry a couple times at science fiction conventions and he’s terrific.