Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for July 11th, 2003

Posted by taxguru on July 11, 2003

Federal Officials Grapple With Misuse of Social Security Numbers

Panel takes on Virginia tax-code reforms

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Posted by taxguru on July 11, 2003

Accounting involves a lot more creativity than most people, who think everything is cut and dried, realize.

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The Bible Says To Raise Taxes?

Posted by taxguru on July 11, 2003

This is a new one on me. The governor of Alabama is claiming that the Bible is telling him to raise everyone’s taxes in his State. There are a few more ironies to this story.

The governor is referred to as a conservative Republican, who just happens to be proposing a huge ($1.2 billion) tax hike.

In typical liberal hypocrisy, the lefties, who normally come unglued and scream bloody murder any time anyone mentions religion, aren’t protesting this action. For them, separation of church and state takes a back seat to more money for the government.

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Some Would Call It A Form Of Slavery

Posted by taxguru on July 11, 2003

Americans Work Until Today to Pay for Government – On average, every penny of income you have earned from January 1 until today was for the government. What you earn the rest of the year will be for yourself.

Government Costs More than You Think

Today, We Start Working for Ourselves

Norquist Says Battle Over Taxes Won, Spending Is Next

Not Good – The Nevada Supreme Court has tossed out a voter mandated limit on taxes and is forcing the legislature to raise taxes.

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Posted by taxguru on July 11, 2003

New Proposal to Shrink Government: Term-Limit the Big-Spending Appropriators – What I’ve always been saying. We need a continuous turnover of elected rulers in our capitals. The longer anyone stays in office, the more corrupt and disconnected from the real world they become.

The New Tax Law’s Effect on Trusts and Home Sales

Flat Tax Fever – In a strange irony, Russia and some other former communist countries are adopting flat income tax rates, while we here in the USA continue to use Karl Marx’s progressive tax rate scheme to heavily penalize the more productive in our society. To show how insidious this is in our society, DemonRat presidential wannabe retired general Wesley Clark defended the concept of progressive tax rates as something our nation was founded on during a recent interview with Tim Russert. It’s no surprise that Russert didn’t challenge Clark on his idiotic claim. It’s not NBC policy to make DemonRats look stupid. That’s only used for GOP guests.

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More On Harrison Abstract

Posted by taxguru on July 11, 2003

The Harrison Daily Times seems to be the only one covering this story. My guess is that someone high up at the Times was among the many victims. New details:

Harrison Abstract receiver files report – It doesn’t sound good, especially for the people who had their recently deposited money frozen when the company was seized.

Harrison Abstract audited

Couple awaits closing – These people lost the money they deposited into escrow on Wednesday, two days before everything was frozen. This is exactly what happened to our clients, who deposited their money into the Harrison Abstract bank account on Thursday, one day prior to the shut-down.

These kinds of things are extremely messy and can drag on for several years. It reminds me of a case back in the PRC, where a savings & loan in which my parents had an account was seized by the government for mismanagement. It took years for the depositors to get any of their money back; and that was only spurred along by threats of violence by some very upset depositors. With Harrison’s love of lynchings and other forms of vigilante justice, that may be what it takes in this case to ensure a speedy resolution.

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