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ehrnst

(32,640 posts)
Sun Dec 3, 2017, 07:55 PM Dec 2017

A friend who is a tax law professor at a prestigious law school had this to say today:

"My advice to law students: If this tax bill becomes law, become tax lawyers.

The bill restructures significant portions of the tax code without any thought to how the tax system works as a whole. It will be a HUGE economic boon to the lawyers who first develop the tax shelters and exploit the loopholes created by this lack of thoughtfulness.

Almost makes me want to go back to practice "

(that smiley was ironic, trust me)

11 replies = new reply since forum marked as read
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A friend who is a tax law professor at a prestigious law school had this to say today: (Original Post) ehrnst Dec 2017 OP
Grand Daughter said the same Wellstone ruled Dec 2017 #1
This is scary. rainin Dec 2017 #2
Really?! DangerousUrNot Dec 2017 #3
I should tell my nurse daughter to go to law school exboyfil Dec 2017 #4
The Tax Scam, the procedure and process, etc. BigmanPigman Dec 2017 #5
KEEP CALLING YOUR REPS & PROTESTING in person & on social media CousinIT Dec 2017 #6
I hope there will be marybourg Dec 2017 #7
They should rename it the "Tax Attorneys Full Employment Act" LastLiberal in PalmSprings Dec 2017 #8
My wife is a well-know Tax Lawyer on Wall Street... brooklynite Dec 2017 #9
No lawyers required. Just join the GOP. BSdetect Dec 2017 #10
My husband is a CPA specializing in taxes shut Books_Tea_Alone Dec 2017 #11

rainin

(3,011 posts)
2. This is scary.
Sun Dec 3, 2017, 07:58 PM
Dec 2017

Republicans can't govern. We went through 4 job losses after the economic crash and are now feeling like we are steady again. I don't know how we'll survive another crash. With them in charge, it's inevitable!

DangerousUrNot

(431 posts)
3. Really?!
Sun Dec 3, 2017, 07:59 PM
Dec 2017

I just went back to school to change careers, majoring in political science. I thought about law school but every article I read says stay away from law.
This makes me think twice.

exboyfil

(17,863 posts)
4. I should tell my nurse daughter to go to law school
Sun Dec 3, 2017, 08:11 PM
Dec 2017

She just graduated in August. She currently works in a mental health unit in a hospital (lots of folks on Medicaid). Twenty beds and they are always turning patients away.

I am thinking the RN jobs of the future are going to be in the euthanasia clinics.

BigmanPigman

(51,611 posts)
5. The Tax Scam, the procedure and process, etc.
Sun Dec 3, 2017, 08:15 PM
Dec 2017

is the most blatant form of corruption in our recent history. One of the speakers during the TrumpTaxScam.org and NotOnePenny call today said he has been all over the world and has worked in government his whole life and has never seen anything like this during his lifetime. It is NOT OVER! Keep calling, use social media, and stay energized and focused. There are a few weeks left and the House and Senate can be swayed if we keep the pressure up. Booker, Sanders, Indivisible, MoveOn, etc. are working hard this weekend and want us to be catalysts in the grass roots efforts to make sure the public knows what the bill is going to do to them. They said, "The bill is not a win, it IS a disaster!". In fact, since it was passed two days ago new info is coming out and one difference is that the deficit will be 1/2 trillion MORE than they said it would be when they voted on it. Keep resisting!

brooklynite

(94,608 posts)
9. My wife is a well-know Tax Lawyer on Wall Street...
Sun Dec 3, 2017, 10:18 PM
Dec 2017

She was busy working on issues related to the tax bill through Thanksgiving. If it passes, she expects to be busier.

(she think's it's horrible legislation)

Books_Tea_Alone

(253 posts)
11. My husband is a CPA specializing in taxes shut
Sun Dec 3, 2017, 10:30 PM
Dec 2017

And he totally shut down my T.Rumpunista parents today. Pulled out their taxes, along with the stats on the proposed bill and gave them a roundabout figure on how much more they would be paying. They are wealthy retirees. Then he explained how their beloved grandson ( my son who is applying to Ph.D programs next yr ) would have to pay taxes on the free tuition and stipend, amongst other things. They stammered and mumbled something about how it didn't pass yet.

But they still blamed Obama when I brought up the trillion dollar debt.

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