Economic System: A Country is Not a Business with David Caplan

In this episode, we explore some misperceptions of the economic system: trickle down economics, trade deficits, and managing countries like businesses. We also look at how our states are different and how the Federal and Commonwealth structures were established to maintain differences, too. Our guest, David A. Caplan, has been a sole practitioner since purchasing an accounting practice in 1992.  His client base and services offered are diverse, encompassing everything from tax returns to financial statements, investment advice and management consulting. 

 Caplan is a strong advocate for tax reform, and in 2012, he was presented with the Champion Award from the Greater Philadelphia chapter of PICPA for his continuing effort to simplify local taxes in Pennsylvania.  He was also named Best Accountant by Philadelphia Magazine in its 2012 “Best of Philly” issue and was a finalist for the Centers of Influence award from SmartCEO Magazine in 2016.  He is a former Chairman of the Montgomery County Tax Collection Committee, which is responsible for choosing a tax collector for earned income tax (EIT) for the county, and was instrumental in the passage and implementation of Act 32, as well as Act 18 of 2018, the most recent EIT legislation.  From 2005 to 2012, Caplan was the Treasurer for his state representative’s re-election campaign.  He is also a member of the American Institute of Certified Public Accountants.

David's article about Trump's taxes in the Inquirer: 4 questions about Trump’s tax returns from a CPA
David's Facebook page
David's email: dactyl@caplancpa.com

Originally aired on  11/12/2020