When we think of taxes, excitement is not usually the first reaction. In fact, most people dread doing taxes and think of accounting as extremely boring. However, taxation is actually one of the most dynamic, rapidly changing, and rewarding fields out there. Below are five reasons why taxes are better than any sport.
Change Happens Every Day
In the U.S. tax code alone, there have been more than 4,680 changes since 2001. That means about one change every day. In comparison, in 2012 the NFL had only two rule changes the entire year. The fast pace of changes to the U.S. tax code means that tax professionals truly have to be on top of their game.
This dynamic reality requires people who can constantly learn and adapt to new rules that are created to protect the interests of employers, clients, and the public at large. For many tax professionals, an online degree represents an excellent way to stay up to date and learn about tax changes from the best schools like Villanova University.
Protecting Millions of People Around the World
Believe it or not, tax and sports regulations have similar purposes. They give protections to the people who have a stake to win or lose. Though some sports’ rules are designed to protect large publics, most regulations focus on protecting the interests of a relatively small group of people at one time. In contrast, tax regulations offer constant protection for the financial resources of millions of people around the world.
A tax professional who does his or her job with integrity has the potential to protect the interests of millions of people. No matter how important the game, a referee’s call will not decide the future of millions of lives and opportunities.
You Might Get Money Back
Consider what it takes to go to any big sporting event. You have to pay for tickets, and you might have to travel long distances. Even if you are lucky enough to get free tickets and live near your favorite arena, once inside, you will still have to pay for expensive food, drinks, and souvenirs.
The cold reality is that it is very unlikely that you will go home with more money than you had before. In comparison, every year, taxes offer the possibility of coming out ahead.
A Year’s Worth of Suspense
Taxes give you a constant sense of anticipation mixed with anguish, which lasts an entire year. There is no sport in the world that keeps you in suspense for so long.
Everybody Still Wins
Whether or not you get a refund, you still get to enjoy the benefits of a functioning tax system, which provides the tools for governments to build and keep up the roads we use, fund the schools our children attend, support business and innovation, and invest in programs that benefit all taxpayers.
In contrast, when your sports team loses, that’s it. There are no more benefits in store for you (at least until the next time they play).
The next time you speak with your accountant or sit down to check your taxes, think about how exciting and rewarding what you are doing really is.
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