In practice, taxing Team Robot would mean taxing the businesses that own the robots and use them to replace human labor. It’s really just a shift from taxing labor to taxing capital.
We live in an era of unprecedented partisanship, with Democrats and Republicans lobbing “fake news” across the aisle and ducking compromise like a zombie ducks sunlight. It’s good to know that even in today’s toxic environment, our officials can find at least one thing to agree on. It’s just too bad that one thing is graft!
As Louis XIV’s Finance Minister Jean-Baptiste Colbert once said, “the art of taxation consists in so plucking the goose as to procure the largest quantity of feathers with the least possible amount of hissing.” So you could say the IRS is similarly looking out for ways to boost the plucking while minimizing the hissing.
The panacea that many have worked toward turns out not to be all lazy morning coffee and 10:00 a.m. tee times followed by libation on the 19th hole for today’s retirees. They are concerned, and that concern erodes their confidence in the future of their retirement and their ability to enjoy what were supposed to be the golden years.
They don’t just take a shoebox full of receipts to their accountant on April 14 and say, “What do I owe?” No, these very smart people plan and plan and plan — to ensure they keep every last penny possible. It works for them, and it can work for you. So call us to take advantage of opportunities still remaining in 2016, and let’s see what we can do for you!