“An economy breathes through its tax loopholes”

-Barry Bracewell-Milnes

Business exodus from PRC looms – People will only put up with so much abuse from their rulers before they reach their breaking point and look for a friendlier environment; as we did ten years ago, when we made the exodus from the Left Coast to the Ozarks.  The Forbes article mentioned on the best places in the country to work and run a business is here.  Coincidentally, their third best location is Fayetteville, Arkansas, which is very close to us here.

This is unfortunately too close to how the mind-set is in this country. Anything that helps the evil rich is by definition a bad thing; even if it also helps everyone else.

House Is Pushed to Accept Senate’s Tax Cut

The new hot issue for Democrats: Tax-cut rollbacks

Do the math – Critics of tax cuts: Analyze fiscal policies honestly

Bush to Fight to Make Dividend Tax Cuts Permanent

We’re Going To Get a Tax Cut

Tax Cut Victory

Bush hails passage of Senate tax cut

Avoiding Sales Taxes – Whenever the issue of replacing the Federal income tax with a national sales tax comes up, people wonder what we tax practitioners will do for a living.  I always have to remind them that there will still be plenty of business for us helping people use the rules and loopholes to avoid or reduce the sales taxes they pay, just as as is currently happening in the PRC, where there are services that exploit certain twists in the law to avoid having to pay sales taxes on some vehicles and boats.  To think that those kinds of services won’t be needed to help people cope with a national sales tax is just naivety.