Q: When do Democrats like the idea of a flat tax? A: After it reaches 95%

The tax advisor had just read the story of Cinderella to his four-year-old daughter for the first time. The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach. Suddenly she piped up, "Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?"

Q: Why do Republican tax cuts always expire in ten years or less? A: They want to make them thirty but keep running out of fingers.

Where do homeless accountants live? In a tax shelter.

A woman walks into her accountant’s office and tells him that she needs to file her taxes. The accountant says, “Before we begin, I’ll need to ask a few questions.” He gets her name, address, social security number, etc. and then asks, “What is your occupation?” The woman replies, “I’m a whore.” The accountant balks and says, “No, no, no. That will never work. That is much too crass. Let’s try to rephrase that.” The woman, “Ok, I’m a prostitute.” “No, that is still too crude. Try again.” They both think for a minute, then the woman states, “I’m a chicken farmer.” The accountant asks, “ ... read more