Tax Cuts: Rhetoric v. Reality

Non-Cash Donations

For the first time, I have purchased the CD-ROM version of the QuickFinder reference books that I have been buying for the past 20 years. It looks pretty handy, with PDF versions of both the 1040 and business books, as well as several IRS publications and forms. There are also several worksheets; most of which I don’t need because my tax software already automatically does them. One that should be quite useful, plus covers information that doesn’t show up in QuickBooks, has to do with donating non-cash items, such as old clothes and furniture. It even has some suggested values. I’ve posted that worksheet here on my site.

KMK

Tax-cut pollsters are up to their old tricks.

In typical liberal fashion, pollsters decide what answers they want and then word the questions to achieve those results.

Taxing the Minority

Forty percent of tax payers may pay all federal income tax.

The Smell of Money

Giving a whole new meaning to the need to launder money, these marijuana growers were busted after their bank teller noticed that their cash deposits had a funny smell.

KMK