What would happened to accounting jobs if a fair tax or a national sales tax was imposed (U.S).?
As someone who studied business and my brother is an accounting major, I'm a little concerned about the proposal by the GOP candidates running for president to introduce a national sales tax to replace the income tax if they were elected president. Specifically Herman Cain's 9 9 9 plan. From what I understand this would simplify the tax system as we know it. What would happen to all the Accountants who help people figure out there income taxes, would they lose there jobs?
Asked By: cowking25 - 10/25/2011
Best Answer - Chosen by Asker
I would certainly change the landscape. The accountants would be working for businesses to determine the amount of tax due for the sales tax. They would be preparing tax returns that could be simpler but would still require the determination of what is taxable income. More would be hired by the government to audit the... More
Answered By: waggy_33 - 10/25/2011
Additional Answers (2)
Nothing would significantly change for accountants as a whole. Tax return preparation is a small part of what accountants do. The IRS would not go away as some proponents of draconian high-rate sales taxes claim since someone still has to collect the taxes, audit tax returns, etc. Very high-rate sales taxes, such as... More
Answered By: Bostonian In MO - 10/25/2011
accounting jobs are not all connected to taxes, there are accounting firms that have nothing to do with taxes and they will continue to operate if such a tax were ever passed
Answered By: tro - 10/25/2011
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Free for Job Listers and Job Seekers!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.