Why should someone study so hard for the CPA Exam, when they have to give…?

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  • #172843

    Serious question. Please no trolls.

    Why should someone study so hard for the CPA Exam, when they have to give 1/3 to 1/2 or more of their future income to the gov’t? This includes property taxes (even from rent), sales taxes, and other regulations (car registration, etc.). Not to mention the higher cost of goods due to higher regulations like gas, etc. Lots of people don’t ever work and have everything paid for. They live in just as good conditions as anybody that works hard (AC, internet, car, phone, etc.).

Viewing 15 replies - 1 through 15 (of 92 total)
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  • #361753
    Anonymous
    Inactive

    I live off food stamps and unemployment…Thanks Obama!

    #361754
    Mr. Mini
    Member

    @ donatello

    Would you rather have:

    A.) 50% of $500,000

    or

    B.) 100% of $50,000

    That is why you should study hard for the CPA Exam.

    #361755
    jeff
    Keymaster

    Is there going to be a part 3 of this trilogy? 🙂

    https://www.another71.com/cpa-exam-forum/topic/why-should

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #361756
    Anonymous
    Inactive

    @Jeff..I'm still waiting for Part 2 of “Would you rather pass or fail?”

    #361757
    Mr. Mini
    Member

    Epic.

    #361758
    Anonymous
    Inactive

    Every time I saw a thread being closed, I knew it's a good one…:-)

    #361759
    Mr Auditor
    Member

    @ leshiggitydonatello

    Are you thinking about going to food stamps? If so, it’s a very bad idea. It's going to catch up on you sooner or later. Most job applications ask you if you've been on food stamps for more than 6 months. If so you might be denied the job and they won't tell you that it's because of that. If you lie, they have ways to find out. Watch out fellow! CPA will make your life better. It will increase your proud and it will open doors for your future. Unless you are one of the lucky 1or 2% wealthy Americans who do not worry about money for living expenses, I would not advise you to sit home and chill out while you can go out and earn money through hard work. Work makes you feel like you have a purpose in life. Do you know why some rich people sometimes commit suicide and everyone is shocked? It’s simply because most of them never have to lift their fingers to earn a living. They just inherited huge fortune and end up going through a crisis revolving around their purpose in life.

    @ CPATerminator

    Let's not politicize the discussion. I don't like the negative ads I'm watching on TV lately from both candidates. I'm hoping I won't have to deal with that in this forum.

    AUD 80
    REG 75
    BEC 90
    FAR 88

    #361760
    Lidis
    Participant

    CPA terminator

    Very funny, very funny. Ha, Ha, Ha,

    Vicki

    #361761
    mla1169
    Participant

    Mr auditor the REAL reason they ask on a job application if you've been on food stamps is because of the work opportunity tax credit for employers who hire socially disadvantaged employees. And yes employers do seek out such tax breaks. A financial incentive makes employers more likely not less to hire someone who's been on that program.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #361762
    Anonymous
    Inactive
    #361763
    Anonymous
    Inactive

    A tax professor once said he'd rather have the problem of paying too much tax than not having enough income to begin with. Taxes rise and fall. We've all benefited from living in a stable country with good infrastructure and education. It can't all be 100% about ourselves.

    #361764
    Anonymous
    Inactive

    so apparently that guy needs a tissue?

    #361765
    Anonymous
    Inactive

    @mla1169 and others

    Reason 874 I hate Robert Half/ Accountemps.

    They do EXACTLY as you describe the first time you meet with them. They put you on a software program asking if you have received government benefits / food stamps in the last x months.

    Complete invasion of privacy and agencies need to face regulation. They are getting away with murder.

    I'm not getting unemployment OR food stamps.

    I'd like to answer the initial question. Why make more to pay more?

    My answer is another good life story. I was in front of a magistrate over a child support battle a few years back. Of course my ex was screaming HE HAS A DEGREE HE SHOULD BE MAKING MORE. The magistrate sided with her and said- “I believe you are underemployed, I see it everyday”. That is lovely magistrate, allow me to tell you to look outside you own little world and view our economic times.

    Moral of the story is- I fired back at the magistrate and said that is stupid. I'd much rather make 60k and pay double support than make 30k and pay 1/2 support. OH brother,,,,don't ask a magistrate to solve that easy one.

    #361766
    Anonymous
    Inactive

    @leshiggitydonatello-I was just wondering…are you currently studying for the exam or are you trying to get a few opinions on whether or not this process is right for you? If you are indeed studying for it, what is your reason for studying so hard? That is, assuming you're studying hard.

    I'm not trolling either. I'm just a bit curious. You've posted two interesting but similar questions and I'm just wondering what your train of thought was behind your posts.

    #361767

    “I live off food stamps and unemployment”

    Really? Is it easy to get them? How do you get them?

    “@ donatello

    Would you rather have:

    A.) 50% of $500,000

    or

    B.) 100% of $50,000

    That is why you should study hard for the CPA Exam.”

    Do you mean per year? I'm more than happy with $50K/year and doing nothing. I would have to work years to make that amount after taxes.

    “Is there going to be a part 3 of this trilogy? :)”

    No, sorry Jeff if my threads are too out in left field or something. I was curious to hear what other CPAs/Candidates like myself thought on these issues. If you feel they don't belong here, I understand if you want to delete them. Thanks.

    Also, I don't mean for the threads to show up on the main forum page (I'm sure there are more important and relevant threads), but the subtopic threads go to the main page (which I can understand why they do). I can stop posting if you'd like as well.

    @Mr Auditor,

    Thank you very much for that post. I kind of thought that about food stamps (that they come up on a background check), but I wasn't sure. And I can't stay home all day doing nothing forever. I guess I just need to keep reminding myself of that (and that I'd rather be doing something productive, than the opposite). And it's not about the money.

    @mla & Bark

    So at Accountemps & other businesses, they DO reject based on food stamps alone or don't? I'm getting mixed messages.

    “are you currently studying for the exam or are you trying to get a few opinions on whether or not this process is right for you? If you are indeed studying for it, what is your reason for studying so hard?”

    Yes, I'm studying. I question whether I'm doing the right thing daily. Or whether I will fail miserably in the end. Am I wasting my time? Should I just find a job and forget about the CPA? It's so frustrating.

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