Hawk
Well-known member
So what's your thought 1Dog, stop audits all together? There are definately people that need to be audited.
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High Priced Lift Tickets
- Thread starter joshua segal
- Start date
BodeMiller1
Well-known member
The I.R.S. is starting to use A.I. to audit hedge funds and the like.
I am super excited about this. What could go wrong
It would be better if a computer can just file to take your house. The world keeps getting better and better.Awesome sauce.
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Hawk
Well-known member
Let's not get all crazy. The AI does the analisys and red flags potential issues. Then they assign cases to a specific auditor. The tech is suposed to help with the current budget issues by not using so many people to do the basic analisys. Or at least that is what they hope. That is what I was told.
You and I may have more in common than we think....
I've led more than 25 Med/Dent teams into some of the globe's most challenging situations.
Built 2 clinics in Haiti almost 25 years ago. Unfortunately Hait is a definite NO GO for now.
BodeMiller1
Well-known member
These "accounts" are very complicated with layer and layer of: assets, owners, straw owners, etc. To audit these funds it takes teams of high powered accountants and lawyers. I've had companies I worked on accounts for like: BlackRock, Inc., The State of California Pension Fund, State of Wisconsin Pension Fund. It's taken my days to print (you don't email this stuff it's against the law (ERISA)). I was in the room when the first Euro was sent to the United States. Other times when we wired millions to a someone who won $280,000,000 playing Powerball. You send a couple of cents, confirm you have an accurate feed the correct account is hit and then then with a tap of an enter key, change someone's life (usually for the worst. All of these stories of fame and fortune are only for those who earned it. (not really)
This stuff is always ripe for fraud. There is so much money to be gained by moving a decimal point (rounding).
Think of this as a game of hide and seek; with those hiding, the fraud perpetuators and the finders as the I.R.S.
Yep
Imagine, if you will, a place where everyone pays the same rate of tax, say 20%.
Make $70k, pay $14k ( ok couple deductions for kids since we need more of them) ;$300k, $60k.
Earn 4x as much , pay 4x as much.
We understand it’s never gonna happen.
Too many special interests , tax attorneys, CPA lobbies, businesses sole purpose to serve the interests of people to legally avoid as much tax as possible.
My point is only that the more complicated the law is the more businesses pop up to serve those willing to pay to avoid paying. . Wait for it . . ‘Your fair share.’
You’ve heard the comparison before I’m certain:
Bible roughly 1200 pages.
Tax code: 187x longer than a century ago.
Make $70k, pay $14k ( ok couple deductions for kids since we need more of them) ;$300k, $60k.
Earn 4x as much , pay 4x as much.
We understand it’s never gonna happen.
Too many special interests , tax attorneys, CPA lobbies, businesses sole purpose to serve the interests of people to legally avoid as much tax as possible.
My point is only that the more complicated the law is the more businesses pop up to serve those willing to pay to avoid paying. . Wait for it . . ‘Your fair share.’
You’ve heard the comparison before I’m certain:
Bible roughly 1200 pages.
Tax code: 187x longer than a century ago.
Smellytele
Well-known member
Is your proposal for both businesses and personal tax?
Personal is easier but with business there are a lot of ways to increase your costs without increasing your costs.
Personal, but as quite a few great economists would state, all business tax is simply passed on in cost to consumers.
Amen on increased costs tho- have a few small businesses and do what we can legally to limit our exposure.
x10003q
Active member
So just do what your accountant suggests and you won't have to worry about those apocryphal 87,000 agents and all their bullets. Do they all get 87,000 guns with the bullets?
Oh they’re comin’ I just know it! Some of those 87k are on here watching and waiting.
‘ how can you purchase these expensive lift tickets when your income is only 12% for $80k per couple?????’
Got your IP address?
Seriously tho- skiing is cheaper than it’s been in a long time if you ski more than 10-15 days a year-at least it can be.
drjeff
Well-known member
Totally agree about Haiti right now!
Our daughter, who is a sophomore in college and is thinking about Med School, wanted to go on a mission trip to Haiti to the clinic we supported in the next 6 months or so, and my wife and I were both an emphatic hard NO on that!
Yes. Tufts has canc all service trips to Haiti. At least until it comes off the Level 4 Do Not Travel from the State Dept.
joshua segal
Well-known member
Interesting. that I mentioned that it cost more than filling the gas tank to drive a car to a mountain and noted that IRS thinks it costs $0.665 per mile to drive a car. This seems to have resulted in a hi-jack of this thread to be about IRS and NOT about the price of lift tickets.
I was just trying to point out that if you add travel expense, the lift ticket is probably less than half the cost of a day's skiing.
I was just trying to point out that if you add travel expense, the lift ticket is probably less than half the cost of a day's skiing.
Smellytele
Well-known member
Matters where you live and how many people are in the vehicle if you are driving…
KustyTheKlown
Well-known member
I probably drive some of the most solo miles here…
I have a 2019 Nissan rogue sport awd. Gas is $3.35 near me, I have a 15 gallon tank, and I get 27 mpg. It costs me $50 to go 405 miles.
In a typical two day ski weekend I drive anywhere from 400-600. Over 600 would be unusual.
Most ski weekends are two days but sometimes three days.
I use about $30 of gas per day of eastern skiing.
The actual skiing come out to like $20
Out west I get more bang for the buck on gas when I’m skiing for like 14 days straight
I have a 2019 Nissan rogue sport awd. Gas is $3.35 near me, I have a 15 gallon tank, and I get 27 mpg. It costs me $50 to go 405 miles.
In a typical two day ski weekend I drive anywhere from 400-600. Over 600 would be unusual.
Most ski weekends are two days but sometimes three days.
I use about $30 of gas per day of eastern skiing.
The actual skiing come out to like $20
Out west I get more bang for the buck on gas when I’m skiing for like 14 days straight
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joshua segal
Well-known member
Good point. I usually drive alone. Evidence in parking lots would indicate that less than 20% of the cars have 3 or more passengers and most of those are families.
And another recent posting suggested that the only cost of travel is gas. It's kind of like saying, I bought a season pass, so I ski for free every day, or I bought new ski equipment which is good for about 100 days. The money is already spent, so equipment cost is free when I figure what a day of skiing costs.
BenedictGomez
Well-known member
With all the "free parking" for 4 or more areas I'm surprised there's not a social media driven ski carpooling app or something. Like last-mile shipping with a meetup / rendezvous spot just a few miles from XYZ resort.
joshua segal
Well-known member
Good point, but IMO, the less than 10-day a year skiers, have money, are on vacation, and really don't care about cost. And the addicted skiers inevitably find a way to feed their habit.
BodeMiller1
Well-known member
This would be a great way to be held for ransom under less then ideal conditions.
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