This article in Accounting Today by Charlie Egerton is giving it the old college try to revise the tax code – siting the 100th Anniversary of the 16th amendment allowing Congress to levy an income tax (a heinus crime to some, an employment incentive to others like tax preparers):
http://www.accountingtoday.com/news/Taxing-Issue-Worth-Addressing-65602-1.html
As to whether the code will be revised as this article pleads for, I only have the old Starkist Tuna commercial to go back on: “Sorry Charlie!”Remember, for financial, accounting and tax musings,
You can count on us to count for you!
email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com