Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for March, 2012

Global Minimum Tax?

Posted by taxguru on March 31, 2012

Illustrating once more why he is the most retarded Vice President this country has had, Joe “Bite-Me” Biden is publicly calling for even more taxes while we are still in the recession that he and his master have been prolonging.  Hopefully, this kind of candor will have the same result this November as when Walter Mondull promised to raise taxes in the 1980 election; a 49 state landslide win by the GOP candidate.

Courtesy of Rush Limbaugh:

From Blog Pix

In his own words, our clown VP demonstrates his imbecilic IQ. 

 

Update: It seems that Bite-Me’s boss also isn’t very well versed on what kind of rhetoric works well in presidential campaigns.

Obama Makes Election Year Call for Higher Tax Rates

Of course, since he considers himself to be a messiah, he truly believes that the consequences faced by a mere mortal such as Walter Mondull simply don’t apply to the all powerful Chosen One, Barack Hussein.

 

Posted in AMT, Biden, Morons, TaxHikes | Comments Off

Multi-State tax Returns

Posted by taxguru on March 25, 2012

Professional Athletes’ Big-League Tax Bills –  For those who think preparing one state tax return is hassle enough, how about having to prepare dozens each year in order to allocate income for the year?  Most of the returns I prepare have two or three states based on rental properties, farms, and out of state jobs; but none have as many as the professional athletes mentioned in this article. 

 

Posted in StateTaxes | Comments Off

Posted by taxguru on March 21, 2012

 

 

 

 

 

 

 

From Blog Comix

 

 

 

Posted in comix | Comments Off

It’s all about “Fairness”

Posted by taxguru on March 21, 2012

as defined by King Barack Hussein.

‘Buffett rule’ tax on rich would raise $31B

A bill designed to enact President Barack Obama’s plan for a “Buffett rule” tax on people earning more than $1 million a year would rake in just $31 billion over the next 11 years, according to an estimate by Congress’ official tax analysts obtained by The Associated Press. That would be a drop in the bucket of the over $7 trillion in federal budget deficits projected during that period.

 

Posted in Buffet, SoakTheRich | Comments Off

Posted by taxguru on March 15, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From Blog Comix

 

 

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Some useful retirement finance tips

Posted by taxguru on March 14, 2012

Smart Strategies for Taking Required Minimum Distributions 

How to Protect Your Retirement Investments from Scams

6 Ways Spending Changes in Retirement

Should You Buy Long-Term Care Insurance?

Posted in Retire | Comments Off

Posted by taxguru on March 14, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From Blog Comix

 

 

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More Buffett Hypocrisy

Posted by taxguru on March 13, 2012

From the latest NewsBusted episode:

Posted in Buffet, video | Comments Off

2012 Vehicle Depreciation Amounts

Posted by taxguru on March 7, 2012

Each year, IRS issues the amounts that can be claimed as depreciation for vehicles placed into service that year, over their useful lives.  As has been the case since these Luxury Vehicle rules were implemented in 1984, they do not apply to vehicles weighing more than 6,000 pounds GVW.

Revenue Procedure 2012–23 (courtesy of CCH) has the following amounts for business vehicles placed into service during 2012. 

Passenger Automobiles:
Year 1 –  $3,160 ($11,160 if bonus depreciation applies)
Year 2 –  $5,100
Year 3 –  $3,050
Year 4 and on – $1,875 per year 

Trucks and Vans:
Year 1 –  $3,360 ($11,360 if bonus depreciation applies)
Year 2 –  $5,300
Year 3 –  $3,150
Year 4 and on – $1,875 per year

 

TaxCoach Software: Finally! Plain-English Tax Planning That Builds Your Business!

 

Posted in 4562, Vehicles | Comments Off

Posted by taxguru on March 3, 2012

From David Letterman via NewsMax:

It’s tax time. I switched to a new tax guy and I think he’s fantastic. He wants me to establish my full-time residence in Syria.

Every time I drive up to my new tax guy’s office, he says the same thing. “You weren’t tailed, were you?”

Posted in humor, preparers | Comments Off

 
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