[BobNJ1960]

Originally Posted by nep321

Plus, I fear that the field of tax accounting may not be around much longer. I mean, if Trump becomes president and abolishes the IRS, then I'm basically out of a job.

In Stamford, I was making a salary of $77K as a tax accountant at staff level.

Bigger issue is much of tax prep can be done overseas cheaper, as it does not revolve as much around short month end. General is involved with budget variance explanations, which are harder to outsource.

[BobNJ1960]

Originally Posted by mlassoff

Not going to happen. It's a complex country. Tax code is complex. Oh well.

No way to know, but your answer lacks depth. Just simplifying the tax code reduces sharply the quantity of tax acctg jobs. GOP might get that done.

[nep321]

Well I just hope to god that Hillary or Bernie wins the presidency otherwise my career is at risk.

[mlassoff]

Originally Posted by BobNJ1960

No way to know, but your answer lacks depth. Just simplifying the tax code reduces sharply the quantity of tax acctg jobs. GOP might get that done.

The GOP, in reality, has no desire to simplify the tax code-- The complex tax code is what provides all the goodies to corporations and the wealthy.

[BobNJ1960]

Originally Posted by mlassoff

The GOP, in reality, has no desire to simplify the tax code-- The complex tax code is what provides all the goodies to corporations and the wealthy.

Not sure they cannot do both, a simpler to use set of goodies reduces tax acctg jobs.

It is unwise for someone with his degree to have just one form of acctg experience, so this is a wise move on his part.

Plus the unitary tax has made keeping corp hqs in Ct tenuous, and that correlates to tax acctg jobs, too.

[Mr_250]

Originally Posted by dazzleman

I imagine though that housing prices were a decent amount lower at that point.

I had a base salary of $60K when I bought my first house in 1995 for $198k in Fairfield. I got a bonus of $25k that year. I imagine I could have survived without that, but still, things were relatively tight for the first 2 years I owned the house, until my income went up substantially.

I could never do that with today's prices, though. The house I bought for $198k then is now worth about $350k.

House was bought in 2011 for $170k. Needed some updating. So prices weren't that much lower than today.

It's in a good town too which adds some upside.

I researched for over 2 years to find this. The house across the street just sold for $315k

[nep321]

Well I mean, I just think it would be more valuable to have more diversified experience in both tax and general accounting. First of all, to be a successful tax accountant, it's best to know general accounting, because tax accounting works in tandem with the financial statements and general ledger information produced from general accounting. Also, one of my managers had told me that my general accounting skills are weak and "equivalent to a first-year staff." So, I think it would be wise to get some real hands on experience in that area.

[STEVEN 1]

Originally Posted by nep321

Plus, I fear that the field of tax accounting may not be around much longer. I mean, if Trump becomes president and abolishes the IRS, then I'm basically out of a job.

In Stamford, I was making a salary of $77K as a tax accountant at staff level.

Trump doesnt have the military experience to lead a nation. His views are very radical and would harm this country more then help it. Im ex military conservative but I do not support Trump, he's a business man not a President.

The United States politician failed when they decided to go to bed with the corporate whores. They are bought like hookers and the lobbyists are the pimps.

The only good thing about Trump is he has his own money so really can't be bought.

[mysticaltyger]

Originally Posted by WouldLoveTo

I work with the public. You'd be shocked at common sense things that people of all ages do not know. It's actually scary.

Oh, believe me, I work with the public, too, so I wouldn't be shocked. Dismayed? Yes. But not shocked. But usually the college educated crowd isn't so clueless on the basic stuff.

[mysticaltyger]

Originally Posted by nep321

Columbus is NOT a small city by any means. It is the 15th largest city in the U.S., with 800,000 people. And the metro is 2 million and ranks as the 32nd largest metro in the country. It is not "small city Midwest" or "behind the times" by any stretch of the imagination. Also, many companies here, including they one I worked for, had a casual dress code (jeans), which is far less common in CT. Can't believe you said that, Jay.

Gotta agree with this. Typical of the Midwest, Columbus isn't flashy, but it actually fairly progressive. Because it's fairly low key, people think it's a smaller city/metro than it really is.