re: #205 Hecuba’s daughter
Their tax returns are so complicated it takes a team of real experts time to decipher what they’ve done. With the GOP in power, we are increasingly living in a feudal state where as Leona Helmsley said : “We don’t pay taxes. Only the little people pay taxes.”
Estate taxes need to be increased, though not to their original punitive level.
we’re talking in generalizations here of course
- oh yes, they may be voluminous and require a lot of time to sift through - especially with pass through entities
- and they are not always the kind that matching programs will be effective on
- though i’d guess quite a lot of high end returns are not all that complicated.
- the actual tax issues, unless you’re in the fringes or taking a weird position, are not that hard for a reasonably well versed agent or cpa to understand
what is likely not happening is the allocation of time for a detailed look at the pass through entities. that’s where the stuff gets buried.
and the demand for documentation - prove it or lose it. look how easily trump manufactured likely fake contributions to his own foundation. all it took was some digging.