Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for August 3rd, 2002

Posted by taxguru on August 3, 2002

Out of Sight, Out of Mind

I couldn’t agree more with this article on how the withholding tax has allowed the government to get away with its massive growth. It’s why most people don’t understand how much they are really paying in income taxes.

If everyone had to write actual checks for their taxes, rather than have it held back from their paychecks, they would become much more interested in seeing taxes reduced. I also like the idea to make tax payment day the same as election day so that people can better make the connection between the two events.

KMK

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Posted by taxguru on August 3, 2002

Anti-Tax Message Resonates With Voters

I do relish the opportunity to point out the few bits of good news that occasionally appear. As some of you may know, there has been a big fight over the past several months in one of the states that doesn’t have an income tax, Tennessee, to start taxing all kinds of income. There have been near riots at some of the rallies involving this issue.

Last Thursday, TN had its primary election. While the issue of implementing an income tax was not explicitly on the ballot, it was implied in many of the candidates’ platforms. The excellent news is that many of the incumbents and candidates who have been advocating the income tax were defeated.

I have always wondered why more candidates haven’t used an aggressive tax cut as a main rallying point. Mr. Viagra’s (Bob Dole) impotent 1996 campaign promise to cut everyone’s taxes by a whopping fifteen percent doesn’t qualify.

As a point of accuracy, I do want to clarify the true income tax status of TN. While almost all kinds of income are not subject to a State income tax, there is a six percent tax on interest & dividend income above $1,250 per person ($2,500 per married couple) per year.

KMK

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Posted by taxguru on August 3, 2002

How Should Tax Dollars Be Spent?

Back during the VietNam War, one way that Joan Baez & her fellow war protestors used to fight the US military was to withhold from their taxes the percentage that they believed was used for what they considered to be immoral warfare. Some of them supposedly deposited the money into escrow accounts or donated it to charity. Most of them probably used the money to buy more LSD or pot. Their approach was illegal then and IRS continued to exercise its awesome powers to make sure all taxes were paid.

According to this story in the NY Times, current opponents of the US defending itself against terrorists are resurrecting this idea and are advocating that people hold back the 50 percent of their taxes that they claim is used by the military. This entire concept is so wrong for so many reasons, that I will limit my discussion to just a few.

First is the issue of whether or not the Federal government should be spending money on military actions. As a Libertarian, I have always believed that the Federal government should limit its actions to just those few areas as designated in the U.S. Constitution, which includes the defense of this country’s borders and its people. If we Libertarians had our way, no Federal tax dollars would be spent on anything not authorized in the Constitution.

The very sad fact of life is that most of what our Federal tax dollars are used for is well beyond anything that our founding fathers envisioned being handled by the Federal government. Many of us truly believe that if our rulers in DC would spend more time and energy on defense matters and less on the unconstitutional issues that dominate their agendas, we may not have been attacked last September and wouldn’t currently be twiddling our thumbs waiting for the next attacks.

Which brings us to the next issue. Do we Libertarians, and anyone else who similarly respects the Constitution, have a legal or moral right to withhold tax payments for those things that we don’t believe are properly within the scope of the Federal government? While I wish such were the case, that just isn’t proper.

Contrary to the ignoramuses who say that the United States is a Democracy, it is in actuality a Representative Republic. We (those of us who vote) select people to go to Washington to decide how our tax dollars are spent. While very attractive in concept, if every person had the right to decide where each of his/her tax dollars goes, we would have an even more chaotic mess than we have with our 535 elected rulers making those decisions for us. The answer, for those who don’t agree with how the Federal government spends our money, is to elect those people who share our views on what the Federal government should be doing and how tax dollars should be spent.

KMK

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Posted by taxguru on August 3, 2002

Class Warfare

Here’s a good explanation of how the JackAss Party [referred to as the National Socialist Democrat Party (NSDP)] relies on class envy and attacks on the wealthy as its core philosophy. By their definition, as well as their allies in the media, anything that is good for the evil rich is automatically bad.

Is it true that when Democrats recite the pledge of allegiance, they say “one nation under Marx?” I’m sure their patron saint (Karl Marx) is so proud of what they have been able to accomplish in the United States. Their platform is almost a perfect match for his Communist Manifesto.

KMK

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