In last week’s issue of Spidell’s Tax Season Tribune®, we asked for your top tax legislation suggestions. Here are some of the responses we received:
- Every elected state official should have to prepare his or her own tax return using TurboTax or other do-it-yourself tax software. The hope is they will realize how making ridiculously complex tax laws is counterproductive to their constituents. I realize we will never have a “flat tax,” but maybe this law would prevent ridiculous complexity.
- A bill should be drafted that would mandate sending every tax preparer maple syrup and candies in amends for the serious offense and insult of Victoria Mayer’s bill.
- For every taxpayer that gets caught understating their income, the tax preparer gets a bonus reward of 25% of the assessment if they can show they did all in their power to practice due diligence obtaining the data and had no knowledge of the understated income the taxpayer hid.
- A retroactive tax law that automatically entitles each tax preparer to a $100,000 grant from the state for pain and suffering.