In line with big government – It seems like the League of Women Voters is just like most of the other supposedly non-partisan groups (AARP, et al) and is a big supporter of the biggest and most expensive government possible.
Archive for August 28th, 2003
Trying To Protect Financial Privacy
Posted by taxguru on August 28, 2003
Gov. Gray Davis Signs Sweeping Financial Privacy Bill Into Law
Washington to Limit Financial Privacy Rights
Financial privacy bill is signed into law in PRC
Governor signs privacy measure. Tough financial-data law faces threat in Congress, Davis says
New state privacy law threatened. Federal law could block bills protecting financial information
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Posted by taxguru on August 28, 2003
Tax Hawk Group Backs Schwarzenegger
Petition Seeks to Lower Threshold for Tax Hikes – Just what they need in the PRC; a way to make it even easier to raise taxes.
Alabamians seem to be a lot smarter than their governor in regard to raising taxes.
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Non-Resident Taxes
Posted by taxguru on August 28, 2003
I’ve often mentioned how states and cities with income taxes require everyone who earns money inside their borders from services or property located there to pay that State or City’s income taxes, regardless of where the person’s full time home is. This applies to everyone; but is enforced most aggressively against professional entertainers and athletes, who can earn hundreds of thousands of dollars for a day’s work.
Celebrities have the added benefit of having their tax screw-ups exposed to the public, such as this judgment against the boy band NSync, who failed to pay the appropriate income taxes to the City of Columbus, Ohio.
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Raise Taxes At Your Peril
Posted by taxguru on August 28, 2003
I know from personal experience with hundreds of clients that many people have fled the extremely heavy taxation in the PRC by relocating to Nevada. Those tax refugees also brought with them the concept of direct citizen participation in controlling misbehaving rulers.
Recent tax hikes by Nevada’s GOP governor have riled up enough people that they have already started a recall effort against him. This is great, that people are no longer just bending over, grabbing their ankles and letting their State rulers have their way with them and their money.
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State Tax Amnesty Programs
Posted by taxguru on August 28, 2003
The Federation of Tax Administrators has a handy summary of the currently open state tax amnesty programs, as well as all such programs that have been used since 1982.
The amnesty programs currently in progress are:
Florida: July 1 – Oct. 31, 2003
Missouri: Aug. 1 – Oct. 31, 2003
Arizona: Sept. 1 – Oct. 31, 2003
Maine: Sept. 1 – Nov. 30, 2003
Virginia: Sept. 2 – Nov. 3, 2003
Kansas: Oct. 1 – Nov. 30, 2003
New York City: Oct. 20, 2003- Jan. 23, 2004
There are pros and cons to participating in these programs; so examine all of the consequences before jumping in. The biggest con is the fact that the information provided to the State tax agencies will be shared with IRS, which has no amnesty program. You really shouldn’t consider even taking part in any State amnesty program unless you are ready to come clean on delinquent Federal taxes as well.
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