Scott Gottlieb, CPA


105 Maxess Road, Suite N116
Melville, New York 11747

Office: 631-574-4484 or 631-253-CPA2
scott@gottliebcpa.com

 
 
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Balance Budget Act 1997

 

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scott@gottliebcpa.com

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HUMOR AND HISTORY

Death and taxes and childbirth! There's never any convenient time for any of them.
--Margaret Mitchell Gone with the wind

Born Free. . . . .Taxed to Death
--Unknown

Income tax has made liars out of more Americans than golf
--Will Rogers

The hardest thing in the world to understand is income tax.
--Albert Einstein

They said I live in a wonderful country and should pay my taxes with a smile!
I tried that but they insisted on CASH!!

--Mel Narvey

The best measure of a man's honesty isn't his income tax return.
It's the zero adjust on his bathroom scale.

--Arthur C. Clarke

Coming to the New World…….
When Hernando Cortes landed in the New World, he brought horses, soldiers – and his accountant. Recent historical research has highlighted Alonso De Avila, who kept the books for the Cortes army. As a reward for excellent service, he was made the first mayor of Veracruz, in what is now Mexico.

Which administration brought about the first federal income tax?
It was during the Lincoln administration in the middle of the Civil War that the first tax on income was levied by Congress -- in the Internal Revenue Act of 1862. The rates ranged from 3 to 5 percent. Congress eliminated the tax in 1872.

When did the federal income tax become a permanent institution?
It has been permanent since 1913, with the passage of the 16th Amendment. As established in that year, the bottom rate was 1 percent on taxable net income over $3,000 for an individual, $4,000 for a married couple. The top rate, for those making more than $500,000, was 7 percent.

The government that robs Peter to pay Paul can always depend on the support of Paul.
George Bernard Shaw

Tax avoidance means that you hire a $250,000-fee lawyer, and he changes the word ‘evasion’ into the word ‘avoidance.’
Franklin D. Roosevelt

[A tax loophole is] something that benefits the other guy. If it benefits you, it is tax reform.
Russell B Long, US Senator

What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.
Mark Twain

The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan

 

 

 

 

 

1997-2009 Scott Gottlieb, CPA. All Rights Reserved.

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The materials on this Web site are for informational purposes only and are not intended and should not be construed as accounting advice. This information is not intended to create, and receipt of it does not constitute, a CPA-Client relationship. You should not act upon this information without seeking counsel from a Certified Public Accountant