About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Monday, September 5, 2011

Responses - Analyzing CEO's Pay & The Corporate Income Tax

Below are two responses to the subject original message that add to the discussion. Both concentrate on GE's accountants & 24,000 page corporate income tax return. The first presents the answer to both our jobs & economic problems while the second shows we have an opportunist in our readership – @ least in another life.

---Response #1---

Doug - After reading Analyzing CEO's Pay & The Corporate Income Tax from September 3, 2011 I am reminded of "The Accountants' Creed". It is not how much you earn but how much you keep that counts. If only we all had GE's accountants, who knows, maybe the government would be forced to create another tax scheme. FairTax!

---Response #2---

I have to hand it to you - by doing your homework and taking time to do it.

Who makes the money? - high priced accountants and lawyers.

Re: 24,000 pages for GE tax return. Who has the time to read that many pages?

Multiply that firm by hundreds/thousands of other large firms, and you will see federal government has to have an army of federal tax reviewers, who I would say "do not read the entire returns", as it would take up a lot of time to read.

That is good for these people, as it creates high price salaries for those "reviewers" - and they would not be unemployed.

In my "next life" I am taking up accounting and going to WASHINGTON for a job.

1 comment:

  1. Reading your original report was not an easy task for me as I never took economics in school, except for home ec, which really doesn't count for much. I didn't respond since I wasn't sure how. I just read answer #2, and was very impressed. I wonder, if the general public was able to read that response, what would the result be? Would it make them more aware of the stupidity of staying with a tax code that fosters this crazy way of doing business and would they be more willing to get on board with the Fair Tax ? I would like to suggest that the person who wrote that response should send copies of it to as many newspapers as possible. If the writer will allow it, I would like to copy it and circulate it via email to the people I know. What do you think?