Sunday, February 04, 2007

It's tax time

"'In this world nothing can be said to be certain, except death and taxes." -- Benjamin Franklin

The 3 top rated tax preparation software are:
  1. TurboTax
  2. TaxCut
  3. TaxAct
However, beware of the various versions/packages that comes with these softwares. TurboxTax is priced in at least 4 different categories: Basic, Deluxe, Premier, and Home & Business. Depending which combo package you are shopping, you may also have to pay addition for the accompanying state tax and e-file options.

Imagine what will happen if the government switch to a flat tax system. A lot of accountants, lawyers, and some tax software companies will be in trouble getting new businesses.


Chad Sargent said...

If the government goes for the flat tax, it won't be long before all the tax accountants, tax lawyers, and tax software companies will be right back in business. A flat tax won't stay flat.

Find out why at Chad's Tarheel FairTax Blog

Once Congress passes the FairTax (HR 25) then all those tax people really will have to find other work. They all have transferable skills, so there's no need to worry.

For more information visit

William N. N. Hung said...


Looks like the FairTax initiative is pretty much a wrapper for increased sales tax (in lieu of income tax). That doesn't bode well for the poor people who may be struggling to pay their day-to-day life support. The biggest beneficiary out of this FairTax initiative may very well be the richest people (e.g. Bill Gates) who doesn't have to buy much so no need to worry about sales tax.