Posts Tagged ‘nicholas von hoffman’
Nicholas Von Hoffman on Tax Complexity
on Tuesday, April 8, 2014Nicholas Von Hoffman Money Quotation saying those who are organized and who love assembling the puzzle of complex tax laws for the simple taxpayer. Nicholas Von Hoffman said:
“Tens of billions … are going into the pockets of tens of thousands of tax preparers who … love complexity as much as the rest of us hate it” — Nicholas Von Hoffman
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This quote from Nicholas Von Hoffman suggests that an immense amount of money is paid each year to tax preparation services and professionals due to the intentionally complex nature of the U.S. tax code.
The best interpretation is that Von Hoffman believed the tax system is deliberately designed to be convoluted, causing most people to require tax preparation help and generating substantial profits for those companies and individuals who specialize in such services.
According to Von Hoffman, while taxpayers despise and suffer from the complicated tax filing process, the small number of people employed in tax preparation “love” and benefit economically from its complexity.
The implication is that the tax code remains needlessly difficult in order to sustain an industry and jobs that would disappear if filing taxes were simplified and more straightforward.
Nicholas Von Hoffman on Tax Complications
on Tuesday, April 1, 2014Nicholas Von Hoffman Money Quotation saying those who seek methods of tax avoidance are to blame for tax complexities. Nicholas Von Hoffman said:
“The blame for the maddening complications of the federal tax system goes to the people with the most money” — Nicholas Von Hoffman
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In this quote, Nicholas Von Hoffman is placing blame for the complexity of the U.S. federal tax system on wealthy individuals and groups who lobby the government.
He suggests that those with significant money and resources have an outsized influence in shaping tax laws and policies in ways that benefit their own financial interests, even if it leads to an incomprehensible tax code for average citizens.
The overall interpretation is that Von Hoffman believes the tax system has become unnecessarily convoluted and difficult to navigate due to the impact of moneyed political interests seeking loopholes and deductions that maximize their own gains, at the expense of simplicity and fairness in taxation.