Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for July 17th, 2003

Posted by taxguru on July 17, 2003

Panel looks at ways to reform Arkansas state tax code – A laundry list of tax hikes.

Who’s Rich? Part II – Different perspective from Thomas Sowell on the “hate the rich” stories regarding the recently released IRS stats on the 400 tax returns with the highest incomes. An interesting fact is that between 1992 and 2000, there were 2000 different people in that top 400. It’s not as cut and dried as the stock complaint of the lefties that the same rich get richer and the same poor get poorer. There is more up and down mobility between the wealth levels in this country than anywhere in the world.

Running on Tax Hikes: Presidential Candidate Releasing Fiscal Plan – Not exactly a novel idea for a DemonRat.

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Posted by taxguru on July 17, 2003

It’s a strange mental condition found in Demonrats and RINOs. To them, there is no such thing as a good tax cut and they can be blamed for anything and everything that they don’t like. On the other hand, they never see anything wrong with more government spending, unless it’s on an investigation of Clinton crimes.




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Posted by taxguru on July 17, 2003

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Posted by taxguru on July 17, 2003

If Bush doesn’t take the scalpel to spending, we who understand how tax cuts work (and don’t cause deficits) will not be able to defend him against criticism over the growing deficits.




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Turpentine Creek Property Tax Problem

Posted by taxguru on July 17, 2003




Here is an article in the local paper on the back taxes issue. They don’t dig into exactly what the motivation is for refusing to allow this legitimate charity to have the same exemption from property taxes as do other charities. It’s probably the classic case where some snake wants to steal the property away for his/her own profit. It is in a very desirable and scenic location.

Just the fact that they charge admission is no reason to claim that Turpentine Creek is a for-profit business. It’s hard to find a zoo, museum or park that doesn’t have an admission fee, including government owned ones, which are technically already subsidized by our tax dollars. Hopefully, Turpentine Creek will be able to locate an attorney to do some pro bono work and appeal this bone-headed decision to a higher authority, and allow them to have the taxes they pay refunded.

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Big Story In Little Harrison, Arkansas

Posted by taxguru on July 17, 2003




Sherry & I were walking into the Harrison Wal-Mart yesterday and saw this headline (Brown surrenders to police ) screaming out from the newspaper box. It didn’t show up the paper’s website until this morning.

I’m not a criminal attorney, but it seems odd that she was able to stay free by posting only $5,000 cash, considering the amount she has allegedly already confessed to taking ($400,000), plus whatever additional amounts are discovered after a complete audit.

Brown loses real estate title issuing license – Her name is mud in this town; so she will probably have to relocate to another state in order to find a new job.

The chain reaction ripple effects from this mess are spreading very wide. It’s not just the people who had money in Harrison Abstract’s account that are suffering the consequences. The sellers whose money is tied up were normally planning to use those funds to buy something else, delaying or canceling that deal. The sellers of those properties are then without the proceeds that they may have been planning to use for another purchase. It goes on for several levels.

This is going to be a field day for lawyers. Even after everyone is hopefully compensated for all of their direct monetary losses, there will be litigation over the other deals that fell apart because of the inability to access the funds in a timely manner.

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