Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for June 10th, 2003

Posted by taxguru on June 10, 2003

Foundations Decry Charitable Giving Changes



What Fiscal Discipline? George W. Bush is no Reagan when it comes to spending



Increased Spending, Deficit Produce Political Danger for GOP – Acting like DemonRats by spending more and more money just to make the media stop calling them meanies is a losing proposition for the GOP.  The media will always hate Republicans and this out of control spending is alienating those of us who want to support them.



‘No Work, No Pay’ Should Apply to Lawmakers, Group Says – It’s no coincidence that most people running for political office are already elected officials and can thus use the perks of their office to help with their campaigns.  They can take all the time off they need to galavant around the country raising money and doing the other campaign tasks that those of us in the real world, who have to do actual work to earn our pay, can’t afford to do.  Most of the degenerates running against Queen Hillary for the DemonRats’ presidential nomination have the worst attendance records of anyone in DC.  Of course, they still receive their full salaries.   What private sector job would pay its employees to spend all of their time campaigning for another job?

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Posted by taxguru on June 10, 2003

Buck Stops for Web Panhandlers – This fad of begging for money from strangers online actually lasted longer than common sense would dictate.



States of Disrepair – In spite of the $20 billion gift to States in the recent tax bill, they are still planning to raise their taxes to cover for their overspending and incompetent fiscal management.

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Posted by taxguru on June 10, 2003


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Posted by taxguru on June 10, 2003

Small Businesses Reap Benefits Of White House Tax Package – As the DemonRats feared, quadrupling the Section 179 expensing allowance to $100,000 per year, and allowing additional extra depreciation in the first year, is encouraging a lot of small businesses to make new purchases, giving the economy a healthy boost. 



Secret Tax Hike – As I’ve explained on several occasions, our rulers have been very sneaky in adding much higher effective income tax rates than you can find in any of the official tax rate schedules.  By phasing out several deductions and credits for people considered by our rulers to be evil rich, the effective marginal tax rates can be much higher than the normal top rates.  They like to call it “means testing,” indicating that those with increased means of support (income) shouldn’t receive the same tax breaks as the little people.  I prefer to call it “mean testing,” indicating the practice of penalizing success.  This new tax law is no exception to that concept, with several new phase-out rules.  Class warfare is still a very real part of our tax system.

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Posted by taxguru on June 10, 2003

Let’s hope the GOP can actually hold up their end against the DemonRats’ dishonest class warfare, such as calling increased welfare a tax cut.

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