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Monday, 14 July 2025 |
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The human mind is a funny thing.
We all carry around a mental model, a structure, of what the universe is. Our mental models explain everything, as completely as the models of everybody who came before us did for them.
Throughout history, those mental models have changed as we have discovered new things or learned to do things differently or found some small detail that the models couldn't accommodate.
Naturally, when our mental models change, those changes are incorporated into the way we see things. Which means that, when you are living through those transitional times, there is a good chance that you are always in danger of only being able to see half of the picture.
That would be the half that most closely resembles what you are transitioning out of and you only see it because it is already a part of your mental model of the way things are supposed to be.
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Monday, 14 July 2025 |
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A new report released recently by the Government Accountability Office (GAO) recommends that enforcement action to address the tax gap should focus on the small number of large dollar non-compliant taxpayers, regardless of their structure — corporation, partnership, sole proprietor or individual. That, said panelists at a forum jointly hosted last September by the GAO, the Congressional Budget Office and the Joint Committee on Taxation, would yield more money at less expense than chasing after all those noncompliant self-employed individuals with small dollar tax gap liabilities. Microbusiness advocates like the National Association for the Self-Employed are happy; but, of course, whether lawmakers take these recommendations to heart remains to be seen.
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