Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for July, 2003

The reason for high taxes and deficits.

Posted by taxguru on July 14, 2003

Bush is disappointing a lot of his earlier supporters by continuing to feed this fat pig and not putting him on the starvation diet that is the only way to save his life.

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Defunct Title Company

Posted by taxguru on July 14, 2003

Sherry said a friend saw a story about the FBI involvement in investigating the Harrison Abstract case on TV; but I haven’t been able to find any mention of it on any of the websites for the Springfield, Missouri or Fayetteville, Arkansas TV stations. The Harrison Times is still doing a good job covering the story.

FBI probes firm

Brown’s assets listed – Per the Boone County Assessor’s office. This only includes motor vehicles and doesn’t show other assets, nor anything located outside of the county.

Brown auction sees 500 attend

I’m not involved in the investigations, and I hesitate to comment from the sidelines without knowing all the facts. However, having worked on several cases like this, I can’t help wondering why the authorities are allowing the Browns to keep the proceeds from their auction. The claim that the things sold were personally owned and not part of the corporation that was shut down is ludicrous. It’s been reported that Dian Brown admitted transferring $400,000 of client money from the corporation’s bank account to her personal account. She obviously used the money to buy a lot of things. Those auction proceeds should have been taken by the authorities and placed into an honest escrow account, pending resolution of the restitution of the embezzled funds. Allowing the Browns to take possession of the auction proceeds just seems like exactly what they need to be able to flee the jurisdiction before the matter can be resolved properly.

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Evolution

Posted by taxguru on July 13, 2003

This is a term we don’t hear much any more; public servants. It used to be that the people we elected into office were there to serve us, the public. Just like the frog in hot water, it’s evolved to the point where they now sit on their thrones and tell us how we are to do their bidding. We are controlled by the very kind of unaccountable royalty that our founding fathers revolted against and tried to prevent from happening here. Forgetting to include a provision limiting the number of terms served was probably the biggest mistake they made when they drafted the Constitution. They were simply too optimistic about the character of people who would run for office.

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Posted by taxguru on July 13, 2003

Blogs breaking logjam of journalism – Between Fox News and the growing blogosphere, the mainstream liberal media are having conniption fits at their loss of monopoly power over what we little people are allowed to know.

Cat fight – Good look at how the disorganized GOP in the PRC will almost certainly mess up the opportunity to exploit the possible recall of Governor Gray-out Doofus.

Daniel Weintraub: California’s sales tax is the ultimate roller coaster – As I’ve always said, any revenue projection made by our State or Federal rulers is nothing more than a WAG (will ass guess). It’s not possible to be anything but that because the actual dollar amounts generated by some kinds of taxes are just impossible to predict with any level of accuracy. It’s always been one of my many pet peeves with the media that they just willingly accept any forecasts as gospel and never challenge the underlying assumptions. They’re still crediting Bill Clinton with producing a five trillion dollar surplus which they then blame Bush for squandering. The Clinton numbers were complete fabrications and were based on the underlying assumption that the stock market would increase by over 20% per year forever, with a continuous flow of taxes from those profits. This may sound like a joke, but is exactly where those projected surpluses came from. Only the biggest mind-numb morons (aka Clinton worshippers) could swallow that load of crap.

The real problem with government budgets has long been that our rulers construct big expensive government programs based on the assumption of their overly optimistic revenue predictions and are later all confused when there is a short-fall.

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Farming In NorthWest Arkansas

Posted by taxguru on July 13, 2003

Some interesting articles on changes in the farming environment here in NorthWest Arkansas. Since we still have a small farming operation here on the KMK Ranch, and many of our clients raise cattle and poultry, we need to stay on top of current and upcoming changes.

Efficient Facility Key for Poultry Growers

Farmers Face Changing Life

Regulatory Creep Affecting Farmer’s Property Rights

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Posted by taxguru on July 13, 2003

The ABCs of tax cuts – Peter Jennings may have become a dual USA-Canada citizen; but that hasn’t slowed his use of the Anti-american Broadcasting Company to spread his hatred of capitalism and love of socialism and high taxes.

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Oregon Is Looking At Tax Hikes

Posted by taxguru on July 12, 2003

Lawmakers debate the feasibility of a sales tax

Tax reform hearings end with no immediate fix in sight

The shorter list would be of States not looking to raise taxes.

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Posted by taxguru on July 12, 2003

The alternative tax whammy – Our rulers in DC are taking their sweet time fixing the AMT monstrosity. Remember to check out the only group I am aware of that is addressing this insane tax, ReformAMT.

Nevada is considering a new gross receipts tax.

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Posted by taxguru on July 12, 2003

Don’t like the tax cut, don’t keep it! – One vision of an ideal world is one where liberals mind their own business and keep their nose out of ours. If they think that the central government is entitled to every dime of their income, let them send their money to the IRS. For the rest of us, who believe in controlling our own money, the more of it we are allowed to hold onto, the better.

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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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