Tax Guru – Ker$tetter Letter

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Posted by taxguru on April 7, 2002

Don’t Count Your Chickens Before They Hatch

As I have always warned, it is extremely dangerous to make any plans based on tax laws that take effect years down the road. Our rulers in DC are notorious for changing or repealing tax breaks before they can even kick in. They rationalize it by claiming that nobody will miss something that wasn’t’ even real.

Last year’s “big” tax cut that takes ten years to be fully phased in was as large an invitation to tinkering by our rulers as any I can ever recall. The discussion of repealing those tax breaks has begun. What a surprise – not.

KMK

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