Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for July 28th, 2003

Posted by taxguru on July 28, 2003

Democrats Not Shying Away From Tax Talk. Candidates Discuss Raises, Not Cuts – Just one of many reasons to despise DemonRats.

Why Medicare Expansion Threatens the Bush Tax Cuts and Undermines Fundamental Tax Reform – As with all government programs the actual costs will be several times what the proponents claim they will be. As with such boondoggles as MediCare, the big government fans know that once people are hooked on the program, it will be impossible for it to be scuttled just because it costs a hundred times as much as they told us it would at the beginning.

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Posted by taxguru on July 28, 2003

CNBC Disclosure Stirs Ethics Debate in Business Media

It’s always been a dilemma in regard to financial writers who tout certain stocks. While many media companies have rules forbidding their writers from covering stocks that they personally own, if it’s such a good investment, it does give one pause if that person doesn’t put his/her own money where his/her mouth is. On the other hand, there is also the concern that the writers are using their clout to stimulate buyers to run up the prices so they can be unloaded; pump & dump. I don’t have a preference for either; but I think it is a god idea to have writers disclose their personal ownership.

I always get a big kick out of the hot stock tips that come via email. They imply that the analysis is objective, yet the fine print at the end often says that the writer was given several thousand dollars or several thousand shares of the stock for sending out the emails. I always wonder how many people are stupid enough to actually buy those shares regardless of the obvious blatant conflicts of interest.

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Posted by taxguru on July 28, 2003

Interesting variation of the name of the congressional committee that writes our tax laws.

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Posted by taxguru on July 28, 2003

Brown enters not guilty plea – The reported size of the theft from Harrison Abstract has grown since earlier accounts. The original estimate of $400,000 has been revised to a million dollars. I doubt if the entire scheme has been unraveled yet, so that figure will most likely be changing.

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On The Radio

Posted by taxguru on July 28, 2003

We’ve finally worked out the time for a live on-air interview on Baltimore radio station WBAL, triggered by my FoxNews.com article from last week. I am scheduled to be on Dave Durian’s Morning Show for about ten minutes, starting at 8:25 am EDT tomorrow, July 29. For those not around the Baltimore area, the station has online broadcast capability. I tried it myself this morning and it actually started up and played a lot more easily than the other radio outlets that I listen to online.

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