Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for June 27th, 2003

Posted by taxguru on June 27, 2003

All of the DemonRat candidates seem to be in agreement on this issue.

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Posted by taxguru on June 27, 2003

Record cuts, higher taxes as states struggle to survive tough times – Incompetent management and planning are much more realistic reasons for the deficits than simply blaming everything on tough times.

IRS: Over 2000 Big Earners Paid No Tax in 2000 – Let the class warfare and hatred of the rich commence. This is intentionally inflammatory and no more relevant than saying “Over 2000 blue-eyed fishermen paid no income tax.” There are literally hundreds of very legitimate reasons why someone with a lot of gross income would have no Federal income tax. A business that has more expenses than income is the most common.

A Governor CBS Can Admire: Alabama’s Tax-Raising Bob Riley

How the West Is Taxed

People should stop whining about taxes – Many of us wish it were possible to do what this ignoramus jokes about; voluntarily opt out of incompetent government programs, such as Social Security and MediCare.

A ‘Financial Planning 101’ Minus the Jargon

Corporate Choice – I’m still as big a supporter of using C corporations as before the new tax law, especially with the quadrupled Section 179 expense deduction. An owner of a C corp can claim up to $200,000 per year, while an S corp owner is limited to only $100,000. Many people, including Forbes, aren’t looking at the big picture and are falling for the lure of the more taxing S corps and LLCs, which are basically identical to S corps.

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