Dividend Reform

Let’s hope Bush is able to eliminate double taxation of corporate profits. That would change some of the dynamics of corporate finance, as pointed out by Larry Kudlow.

As much as I’d like to see a serious move to true capitalism, and the elimination of all taxes on dividend income, I’m not optimistic that such a drastic change will fly with the people who believe that only evil rich people receive dividends. What we are more likely to see is a return of something that I can remember from my earliest days in the tax business. Back in the mid 1970s when I started, each person was allowed up to $100 per year of dividends tax free.

KMK

Short Memories

What a surprise. Not a word during the campaigns about raising taxes and then once the polls close it’s a mad rush to see how many taxes can be added and jacked up.

Our rulers know that they are safe from any voter backlash because the next elections are two years away and the collective memory of the populace is about two weeks, at most. What would be great for this country is a little Instant Karma for our rulers. No more waiting until the next formal election to punish them. As soon as they try to raise taxes, we start a recall or impeachment drive.

KMK

Don’t Be A Chump

Here’s a good summary of some of the most common work at home scams. Many of them are the same. You pay some scamsters for their “secret formula” to solicit other suckers to pay you that very same “secret formula.” Can anyone say pyramid scheme?

KMK