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moonbeam23

(419 posts)

38. i WAS a CPA

Fri Apr 5, 2024, 11:11 PM

Apr 2024

and i heartily agree...It made me so angry and depressed to see this in action.

The turning point for me was when i heard my boss conspiring with his wealthy doctor client to set up a pension plan to deliberately freeze out his assistant who had worked many years for him. My own father was a dentist who treated his nurse like family and included her in his plan and insurance.

That sickened me and i decided that i was not going to spend my life making creeps like that even richer.

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I'm a CPA. I have been doing taxes since I graduated in 1984. [View all] ALBliberal Apr 2024 OP

This message was self-deleted by its author Wonder Why Apr 2024 #1

Ok ALBliberal Apr 2024 #4

The suppression of wages for a generation ThoughtCriminal Apr 2024 #2

Completely agree. ALBliberal Apr 2024 #5

raising the min wage to an actual living wage wd prolly fix the program. mopinko Apr 2024 #19

Living wage jobs lend to a civil society. The Wizard Apr 2024 #113

livable wage socialism RANDYWILDMAN Apr 2024 #128

The last living wage job I had was 50 years ago. The Wizard Apr 2024 #130

Longer than a generation kwijybo Apr 2024 #24

They think if they just didn't have ta pay no taxes, they'd have it made. Okay. No military? They don't realize no brewens Apr 2024 #35

In Estonia, the goverment calculates what you owe Wicked Blue Apr 2024 #3

I don't think that was the point. FoxNewsSucks Apr 2024 #6

Ya. My post was about the unfairness of the tax system. ALBliberal Apr 2024 #10

K gains OrangeJoe Apr 2024 #97

Capital gains and salary/earnings are both taxed in the US. brooklynite Apr 2024 #98

not at the same rate. but, I'm sure you know that FoxNewsSucks Apr 2024 #103

Perhaps the time to rant about this is when Democrats control the White House and Congress... brooklynite Apr 2024 #111

LOL dpibel Apr 2024 #127

Capital gains are taxed at lower rates than salary/wages. ALBliberal Apr 2024 #104

Page 37 Instructions for 1040 OrangeJoe Apr 2024 #118

I was about to do my taxes, I use TurboTax Nictuku Apr 2024 #7

Well I guess I put myself out there as a cpa ALBliberal Apr 2024 #8

I'm sure I'll figure it out Nictuku Apr 2024 #14

Sometimes a computer tech shop can recover files on a corrupted drive... you may want to check that as well... good luck bsiebs Apr 2024 #9

By the time I went and did that (I live rural), I could probably re-input all the relavent info. Nictuku Apr 2024 #15

True... I'm in Los Angeles... ignore my advice :) bsiebs Apr 2024 #33

Can't you get a copy of previous years return from TurboTax? Dan Apr 2024 #34

Only the online website version has a copy of it. Nictuku Apr 2024 #92

What I do with files. usonian Apr 2024 #43

Turbo tax is one of the companies Old Crank Apr 2024 #61

The files will have an extention IbogaProject Apr 2024 #74

The same thing happened to me year before last CountAllVotes Apr 2024 #80

Check your files on the computer you used karynnj Apr 2024 #85

Until we keep taxes on labor.... mjvpi Apr 2024 #11

Agree. But the exclusion of qualifying dividends (basically domestic dividends) ALBliberal Apr 2024 #12

Yes, that's the point I was hoping to make. mjvpi Apr 2024 #44

I'm sort of thinking that our wampum is only fiat currency anyway courtesy of the Backseat Driver Apr 2024 #93

I guess I was sort of thinking that our wampum is fiat currency anyway, courtesy of the Backseat Driver Apr 2024 #95

I've never understood why CDs and savings accounts TheFarseer Apr 2024 #129

Also CPA since 1980. I don't miss the 60-70 hour work week. Most of chicoescuela Apr 2024 #13

Yes. Maybe 7 years of 70 hour weeks during tax season. ALBliberal Apr 2024 #16

Thank you. My kids enjoy my casino career stories as they can be interesting. chicoescuela Apr 2024 #32

I think his point was,, surfered Apr 2024 #17

The United States is one of the few countries gab13by13 Apr 2024 #18

Geez. ShazzieB Apr 2024 #37

I will only say in doing your own taxes or being closely involved ALBliberal Apr 2024 #45

Returns are not "non-complicated" if your earnings are complicated brooklynite Apr 2024 #99

Thank you for posting this. love_katz Apr 2024 #20

Can't rescue your data (sometimes, disk rescue programs can) but a suggestion ... usonian Apr 2024 #21

This year with that $14000 standard deduction killed me. Retired n living on SS and a small pension. Hikerchick57 Apr 2024 #22

Also retired with SS and small pension soldierant Apr 2024 #56

We Pay Taxes On It ProfessorGAC Apr 2024 #70

Agreed Hikerchick57 Apr 2024 #96

That is soldierant Apr 2024 #119

Why does the standard deduction kill you? oldsoftie Apr 2024 #100

I used to be able to deduct a few things, Hikerchick57 Apr 2024 #108

But if the standard is higher than your previous deductions, oldsoftie Apr 2024 #114

Yep. You got it. That's how it works. n/t LuckyCharms Apr 2024 #115

Thanks, Hikerchick57 Apr 2024 #125

I'm not sure I understand either...lol Hikerchick57 Apr 2024 #124

Looking at it from a high level, it goes like this: LuckyCharms Apr 2024 #133

Thanks so much for that! I think I get it now, I was confused as you could tell. Hikerchick57 Apr 2024 #134

And inflation, especially on medical expenses, is killing me. snot Apr 2024 #109

The gap phase is terrible, my meds are out of hand. If my research is correct Hikerchick57 Apr 2024 #110

If we can win a blowout in Nov I hope this is high on our partys to do list in the first 2 years Cheezoholic Apr 2024 #23

Why should income from tips be tax free? MichMan Apr 2024 #40

Only to say it's another way to tax working income (why not demand qualifying dividends be taxed) ALBliberal Apr 2024 #46

Should all other income from work also be untaxed? MichMan Apr 2024 #51

All income should be taxed ALBliberal Apr 2024 #52

This message was self-deleted by its author MichMan Apr 2024 #66

We had all 3 branches '21-'23. Where were the big proposals? oldsoftie Apr 2024 #101

And the tax credits that should be indexed, aren't. nilram Apr 2024 #25

1972 and I am working a data entry job. We MOMFUDSKI Apr 2024 #26

Income from labor should be taxed the least. CrispyQ Apr 2024 #27

Obscene is the word for it, all right! ShazzieB Apr 2024 #39

Yep ALBliberal Apr 2024 #47

Bernie, AOC, Katie Porter, Elizabeth Warren and others have been right all along. PatrickforB Apr 2024 #28

Righteous rant. yardwork Apr 2024 #30

Preach!!! ShazzieB Apr 2024 #41

You made me post this. usonian Apr 2024 #42

And, the sooner we realize that this is not just a meme OldBaldy1701E Apr 2024 #67

Going philosophical ... Oops usonian Apr 2024 #78

I love it all. OldBaldy1701E Apr 2024 #87

"I'll be happy WHEN .... " usonian Apr 2024 #88

Very true. (n/t) OldBaldy1701E Apr 2024 #89

We need to march on Washington multigraincracker Apr 2024 #29

Marching is like prayer is like masturbation NanaCat Apr 2024 #63

Yep. Nothing will stop the rich multigraincracker Apr 2024 #65

I don't mind paying my share of tax but the tax on "my money" SS doc03 Apr 2024 #31

In NM we have stopped taxing social security ALBliberal Apr 2024 #49

We also have free public college Desert grandma Apr 2024 #57

At least the Germans and the USA have agreed that Social Security is subject to residence-based taxation DFW Apr 2024 #139

This I suppose will ruffle some feathers but why should my SS be taxed when I worked doc03 Apr 2024 #140

I know I should have looked into this earlier, but...... DFW Apr 2024 #141

SS was taken out of my pay every two weeks doc03 Apr 2024 #142

It still gets taken out of my pay as well. DFW Apr 2024 #143

Why I love Biden. He doesn't increase taxes on the middle class. applegrove Apr 2024 #36

i WAS a CPA moonbeam23 Apr 2024 #38

It's tough. I hang in there for my long time clients ALBliberal Apr 2024 #50

Well I guess if you are uberwealthy, you can buy a bunch of lobby type people who can whisper in the ears of the mitch96 Apr 2024 #48

They bank on us not being educated about taxes ALBliberal Apr 2024 #54

If you look at the changes in the tax code moonbeam23 Apr 2024 #60

It's hard work moondust Apr 2024 #53

Thanks for this post, ALBliberal Hekate Apr 2024 #55

THANK YOU Skittles Apr 2024 #58

Yes you do get f%%%ed ALBliberal Apr 2024 #59

I worked for IRS 10 yrs and prepared tax returns in CPA firms RipVanWinkle Apr 2024 #62

i worked for KMPG, we probably overlapped. small world. the days of "billable hours" ugh BlueWaveNeverEnd Apr 2024 #64

I too am a retired CPA. The tax system doesn't need fixed it needs replaced. All you stated is true. twodogsbarking Apr 2024 #68

We brought this on ourselves maxrandb Apr 2024 #69

What you've touched on Mr.Bee Apr 2024 #71

Wayne E. Brown founded Big Bear in 1933 maxrandb Apr 2024 #75

Here's one problem TheFarseer Apr 2024 #131

Convert $12.60 from 1980 dollars to 2024 dollars Mr.Bee Apr 2024 #81

By design a feature of the 2017 tax bill IbogaProject Apr 2024 #72

They lowered taxes on the rich Mr.Bee Apr 2024 #73

The 2017 tax bill also increased the standard deduction quite a bit MichMan Apr 2024 #136

The standard deduction increase is 'temporary' and slated to revert later IbogaProject Apr 2024 #144

Needs to be extended then MichMan Apr 2024 #145

Then we will have "increased the deficit" IbogaProject Apr 2024 #146

Accounting degree - not a CPA. Small business people pay ridiculous sums underpants Apr 2024 #76

Yeah, I know someone that is middle class and completely stopped paying their taxes. Jacson6 Apr 2024 #77

I think some GOPers ran on the flat tax idea. Remember, 9....9....9? Silent Type Apr 2024 #91

People getting paid in cash still wouldnt be paying anything MichMan Apr 2024 #126

Usually the company or person paying cash will be paying taxes on their income. Jacson6 Apr 2024 #135

Whenever a filthy-rich person gets a deduction Farmer-Rick Apr 2024 #79

That's because Mr.Bee Apr 2024 #83

Exactly Farmer-Rick Apr 2024 #86

I've gotten a taste of "wealth privilege" Happy Hoosier Apr 2024 #82

LIke Maurice Minnifield said in Northern Exposure.. mdmc Apr 2024 #117

Tax burden in this country has always been on backs of middle class and poor while the wealthy and corporations iluvtennis Apr 2024 #84

Nobody has mentioned how Trump's billionaire tax cut slowly increased the middle class tax burden world wide wally Apr 2024 #90

Fresh evidence: Republicans' tax breaks didn't pay for themselves LetMyPeopleVote Apr 2024 #94

Scrap the entire tax code. VAT tax, 3 tired flat income tax, treat ALL income equally, oldsoftie Apr 2024 #102

Does your "12% corp flat rate (which is HIGHER than what the avg corp is actually paying now) with NO deductions." kelly1mm Apr 2024 #120

Profit. Not revenue. oldsoftie Apr 2024 #122

Thanks for the clarification! nt kelly1mm Apr 2024 #123

Does your '12% corp flat rate (which is HIGHER than what the avg corp is actually paying now) with NO deductions.' kelly1mm Apr 2024 #121

Long-term capital gains tax rates are exploited by the middle class as well Shermann Apr 2024 #105

Nothing wrong with taking advantage ALBliberal Apr 2024 #106

How much of federal income taxes do the top 10% of earners pay? Silent Type Apr 2024 #107

Thats why so many proposals we see mentioned are unrealistic. oldsoftie Apr 2024 #132

This! I've never found good numbers for the 'untaxed income' Abolishinist Apr 2024 #137

There you have it! Multiply your experience by MILLIONS of other people. oldsoftie Apr 2024 #138

Wealthy people did not get wealthy Progressive dog Apr 2024 #112

I agree with you and see only one solution for myself mdmc Apr 2024 #116