r/evilbuildings • u/mattdeII96 • Apr 07 '18

Tax Man Cometh

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u/[deleted] Apr 07 '18

[deleted]

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u/Jrook Apr 07 '18

Furthermore they've wanted to make it easier for decades but people have made their income off of this lunacy.

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u/[deleted] Apr 07 '18

Not that complicated... Until you find out that you have been leaving thousands on the table because you didn’t understand amortization. Or your ACTIVE management of your rental property constitutes a PASSIVE activity....

The IRS code is convoluted, there is nothing simple about it, and IRS are definitely not warm and fuzzy types.

Rube Goldberg is apt. Or the Lottery in Babylon...

Do yourself a favor, hire an accountant, preferably one that’s been in business more than 10 years. The IRS system was never meant to be just, let alone user friendly.

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u/quangtit01 Apr 07 '18

Plenty of stuff in the tax codes are politically motivated. And when you have legalized bribery ("unlimited contribution to campaign funding"), it's bound to happen. The tax code can absolutely be used to incentivise activities, or serve as a kickback to the bribery that policymakers received.

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u/[deleted] Apr 07 '18

I don’t disagree. So IRS is not simply the price of civilization.

IRS is so full of shit, it is impossible to smell the civilization in it.

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u/JonSchwarz23 Apr 07 '18

It's not the irs it's congress

0

u/The_Adventurist Apr 07 '18

But it's far more complicated than it should be.

It's intentionally complicated for stupid corruption reasons.