Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for May 23rd, 2003

Posted by taxguru on May 23, 2003

Fiscal Conservatives Say Hurray for Tax Cut



GOP Mission Accomplished: Tax Relief



Fiscal Conservatives Say Hurray for Tax Cut



Bush accepts size of tax cut



Tax Cut Plan Cut in Half, But Dan Rather Still Calls it “Big” – Any tax cut is by definition too big and dangerous in the minds of the lefties. 



Yo-Yo Economics – These new cuts still have to be made permanent or else they will disappear in a few years, snapping us all back to the higher tax rates we had until now.



Most to Reap Benefits of Bill – Not just the evil rich. 



Bush Claims Tax Cut Victory as Congress Nears Final OK



Congress Passes $350 Billion Tax Package. Cheney Casts Deciding Vote in Close Senate Passage – There’s just something ironic about Cheney being the tie breaker of a large retroactive tax cut ten years after AlGore cast the tie breaker for the largest retroactive tax increase in 1993. 



Bush likes ‘little bitty’ tax cut



Bush Lauds Congress for Cutting Taxes



Bush retreat eased tax bill�s advance.  President, aides find compromise tax cut beats none at all



Taxpayers to get new round of cuts. $400-per-child refunds, less withholding among cuts



A Tax Cut Without End – This is a bad thing in the opinion of the New York Slimes.



Planned Tax Cut Called 3rd Biggest



Tax-Cut Scorecard.  It�s not all Bush asked for, but it will add materially to economic growth.



A Tax Cut Worth Cheering. It will boost the economy � and Bush.



Tax cut checks due in months



Breaks for almost everyone in tax bill



PREZ HAILS HIS BIG WIN ON TAX CUT



Bill Gates the Elder Is Still Spouting His Marxist rhetoric in support of wealth redistribution by the government  



Tax cut heads for final OK in Congress. Quick passage means bigger payday July 1



 

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Posted by taxguru on May 23, 2003

Reverse Mortgage Can Really Help Seniors 



One of the most frustrating things for me has long been trying to convince seniors that it’s not a sin to tap into the equity in their homes and enjoy their lives a little before they pass away.  Even with a mortgage, their heirs will still be receiving very lucrative tax free windfalls when they go.  They shouldn’t feel the least guilty about using some of their own wealth while they are alive, in spite of pestering by greedy kids who want their parents to live the most Spartan lifestyles to preserve their inheritance. 



While reverse mortgages are useful methods of getting access to equity, a more effective approach is often to borrow a large lump sum, especially with current low interest rates, stick half in the bank from which to service the debt for the rest of the borrower’s life, and play with the other half.

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Posted by taxguru on May 23, 2003

Bush can still claim victory on tax cuts



Senate Approves Tax Cut in 51-50 Vote



The tax cut: What’s in it for you?



Silicon Valley-backed tax break gets the ax.  Tech industry looked forward to economic boost – A lot of special interest tax breaks ended up on the cutting room floor in the final version.  That’s what always happens, which is why it’s never a good idea to change behavior until the law is finalized. 



Three Wise Men? – Another great debunking by Neil Cavuto of the supposed financial gurus.



States Look for New Sources of Tax Revenues




 

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Posted by taxguru on May 23, 2003

Senate Approves $330 Billion in Tax Cuts



Understanding Changes May Prove to Be Taxing – A good summary of most of the changes in the new tax law.  I am planning to incorporate these new changes into the tax rate info on my main website over this weekend.  I will post a note when it is ready.



Tax Cuts Need to be Pro-Growth, Immediate and Permanent



Sausage and tax cuts



Crossing the Finish Line on Tax Cuts. Congress delivers a pretty good tax cut package. We want another one next year! 

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