Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for July 16th, 2003

Posted by taxguru on July 16, 2003

This kind of thing is happening all too often, at both the Federal and State levels.

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Posted by taxguru on July 16, 2003

Less Tax, More Paperwork (link to article expired) – As always, our rulers in DC have guaranteed more work for us professional tax preparers by making everything even more complicated than ever. Some might suspect that they worry about a lot of unemployed tax practitioners and are just looking for ways to create more work for us.

How you can pay bills in blink of an eye – Just like in spy movies, we’ll soon be able to do all kinds of things just by having the irises in our eyes scanned.

The Politics of Pension Promises (link to article expired)- It’s not just the Teamsters and their Mafia pension plan scams that employees have to worry about. Many companies have been allowed to fund pension contributions with IOUs. Of course, this is similar to what Social Security is; but comes as a surprise to many employees, especially if the employer goes belly up.

House Panel Approves Permanent Ban on Internet Taxes – This refers to State taxes on the actual Internet services. It doesn’t put a damper on State sales taxes on retail purchases made over the web, which is still a very hot issue.

States Losing Billions Due to Corporate Tax Shelters

Rich politicians can’t understand the needs or ordinary Americans – A word from Mr. Obvious.

Budget deficit: What me worry?

Insider trading – As Walter Williams explains, it’s rare when a transaction doesn’t have one side knowing more than the other.

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Posted by taxguru on July 16, 2003

I Think, Therefore I Owe. New York’s mayor wants to tax everything that moves. Here are some things he forgot.

Deficit Yoga (link to article expired) – Just looking at the dollar amount isn’t a proper analysis.

A Tax On Fat (People)?

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Posted by taxguru on July 16, 2003

A Dog Running For City Council – It’s hard to imagine a Canine-American screwing things up any worse than the HomoSapien-Americans who traditionally hold elective office. Maybe it’s because of the environment in which they have been raised, but I have never sensed any attraction for tax increases in any of the dozens of dogs we have had here. I don’t think such a mind-set is possible for Canine-Americans; but we may find a different attitude in dogs raised by lefty DemonRats. This isn’t unprecedented. Sunol, California, near where we used to live, had a dog for a mayor, who did as fine a job as any human.

Farmer Offers Rental Cows on Internet – It will be interesting to see if this idea pans out. It’s hard to imagine anyone paying $276 for the cheese produced by one cow over a Summer.

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Posted by taxguru on July 16, 2003

As I’ve always said, stocks are great investments if you like the excitement of never knowing how you stand until you check that day’s stock prices. Other kinds of investments, such as real estate, are just too boring for investment thrill sekers.

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More On Harrison Abstract Case

Posted by taxguru on July 16, 2003

Suit asks to freeze sale of Browns’ personal assets – This obviously should have been done before last weekend’s auction.

Harrison Abstract analyzed

Aug. 26 deadline for submitting claims against Harrison Abstract

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Posted by taxguru on July 16, 2003

Why You Waste So Much Money. Research Says People Don’t Use Services Like Gyms Enough to Justify Their Cost (link to article expired)

It’s not hard to come up with dozens of examples of of how things that look like bargains up front turn out to be big wastes of money. Buying a gallon jug of mayonaise may reduce the per ounce price you pay over a standard size bottle; but the actual cost for what is used works out to be much higher when you have to toss three quarters of the contents away.

The other frequent example that comes to mind is timeshares. The promoters sell the concept based on how much you would save over hotel costs. Real life almost always works out the other way. With the annual maintentance fees, and missed usage, along with the terrible resale values, hotels are much cheaper ways to stay in resort areas.

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