Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for February 13th, 2003

Posted by taxguru on February 13, 2003

Enron Tax Tricks

Maybe it’s because I have long made a good living helping people win the tax game; but I can’t share the disgust over the fact that Enron had a large staff with the sole purpose of structuring things to minimize taxes. My disgust is with the rulers in DC who force companies to devote so much manpower to such tasks with their idiotic and outright punitive tax laws and regulations. I can still remember many of my college classes, where we were taught that the main function of a corporation’s management is to maximize the return (aka profit) for the shareholders. Minimizing taxes is just as important in that equation as reducing other overhead costs, such as labor and rents.

KMK

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Posted by taxguru on February 13, 2003

Economists For Sale

It’s long been common knowledge that opinions of economists can be purchased in exactly the same way as murder defendants buy the “expert testimony” of psychologists. The fact that a bunch of left wing economists don’t want people to be able to keep any of their own money is nothing new and no big deal.

KMK

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Posted by taxguru on February 13, 2003


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