Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for January 4th, 2003

Posted by taxguru on January 4, 2003

Killing the Tax On Dividends

Joel Mowbray is quite a bit more optimistic than I am regarding the prospect of an elimination of the double taxation on corporate profits. While he has a good point that totally eliminating the tax would be a statement of principle and just cutting 50% of the tax would be a cheap compromise, the latter is what almost always prevails in DC. There are too few in power who will stand up for the principles of capitalism and fairness. Sad to say, that goes for our MBA President as well, who is almost as wimpy as his father was in standing up to criticism from the high tax loving liberals.

KMK

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Posted by taxguru on January 4, 2003

Another Tax Protestor Down

According to this article on the IRS’s bust of an illegal tax protestor promoter, there are 740,000 people in this country who are using bogus trusts and other illegal techniques to shirk their tax responsibility.

One way to look at this situation is that IRS is definitely going to have its hands full going after these flagrant violators. It’s like when you’re driving 60 in a 55 mph zone and there are four or five other cars doing 95 and swerving all over the road. Which cars do you think the cops will go after first?

KMK

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