
Archive for June, 2003
Supporting High Confiscatory Taxes
Posted by taxguru on June 20, 2003
What’s even more upsetting than just the fact that East Coast columnists such as this support Communistic redistribution of wealth in our supposedly capitalist society is the fact that I was alerted to this via a CPA oriented publication that often supports this kind of thinking.
I receive a lot of criticism when I bring this point up, but I have a very hard time believing that clients aren’t being screwed over when the tax professionals they pay believe that our current tax rates are just fine and that everyone should be paying more. It’s a conflict of interest that makes no sense. As I’ve always said in my advice for selecting a tax pro, it’s essential to see if you both agree on whether or not it’s a good thing to legally reduce your taxes. In fact, if you think that it is your patriotic duty to pay in as much as possible, why pay anyone to prepare your tax return? Just have the IRS do it for you for free. They’ll make sure your wish comes true.
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New Kind Of Gas tax
Posted by taxguru on June 20, 2003
It’s interesting how many of the ridiculous kinds of taxes, similar to those mentioned in George Harrison’s classic TaxMan song, eventually become reality. We are all used to paying extra taxes while purchasing gas. Now, the New Zealanders are discussing taxing the bodily production of gas by livestock. Their argument is that burps and farts from farm animals contribute to the so-called greenhouse gas problem and thus must be taxed.
While this idea is half a world away from us in the USA, stupid ideas like this have a way of finding their way here. In spite of the fact that our real life temperatures are lower than normal and we have been having more precipitation than normal, there are still plenty of environmental wackos claiming that global warming will destroy the planet unless we stop driving our cars and shut down our industrialized society. They will jump at the chance to tax farmers for their cows’ farts.
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Posted by taxguru on June 19, 2003
Automakers Push for Tax Breaks on Fuel Cell Cars – Another way our rulers in DC can try to manipulate our behavior. Who would be surprised to know about campaign contributions (aka bribes) from the car companies to encourage this kind of legislation to help them sell vehicles that they don’t believe can survive in the marketplace without some taxpayer subsidy?
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As always, it’s important to use reliable tax info sources
Posted by taxguru on June 19, 2003

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Keeping Up The Momentum
Posted by taxguru on June 19, 2003
Stephen Moore has an excellent to-do list for the Bush administration to continue attacking some of the insanity in our country.
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Rich-poor divide shows poverty is relative
Posted by taxguru on June 18, 2003
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Too Much Of A Good Thing
Posted by taxguru on June 18, 2003
It’s often frustrating waiting for a tax refund check, from the IRS or the State. This guy in the PRC hit some kind of jackpot with the Franchise Tax Board. They sent him eight refund checks for the same tax return. He did the right thing and is giving the money back; but he probably dwelled on that decision for a while.
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Divided dividend relief
Posted by taxguru on June 18, 2003
Shocking news. The new tax rates on dividends will affect different people differently. Stories like this are just part of the Left’s propaganda against any tax rate decreases unless they will benefit every single person by the exact same amount, an impossible goal. It’s as relevant an argument against tax rate cuts as their claim that cutting tax rates during economic downturns is fiscally irresponsible and cutting them during good times is also fiscally irresponsible. So, when is a good time to cut tax rates in the mind of a DemonRat? No surprise there. Any reduction in tax rates is a reduction in the amount of power they have over us, and there is never an acceptable time for that to happen.
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