Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for September 25th, 2003

Posted by taxguru on September 25, 2003

Democrats: Repeal some tax cuts – Why it’s not safe to trust the DemonRats with the economy any more than with our defense.

Our Over-budget Government – As I’ve always said, the projected costs of government programs are always heavily understated. They always turn out to be hundreds of times higher. Of course, by then, the rulers who used those numbers, as well as the mind-numb sycophants in the press who accept them as legitimate, are long gone from the scene.

The Nevada tax increase – A big disappointment to the tax refugees who fled the PRC to relocate to the low tax neighboring state.

Grover Norquist’s Schwarzenegger campaign – Trying to get Arnold to take the no new taxes pledge.

When Texas Governments Compete with the Private Sector, We All Lose

Benefit Cuts for Baby Boomers? – What I’ve always predicted would be in the future for Social Security. Also why I’ve considered it insane for people to continue to flush their money down this sewer when there are so many very easy ways to hold onto the money and preserve a more secure future for themselves.

ACU Applauds Senate’s Delay of $13 Billion Tobacco Tax Increase – Nicotine addicts are such tempting targets for the money sucking vampires at all levels of government.

U.S. Income Gap Widening, Study Says – Any time you see a story like this, especially from an openly socialist publication, you know they are trying to set the stage for the inevitable solution to this “problem,” wealth redistribution by our imperial rulers.

Millions of Micro-Managers Share Blame for State’s Crises – To be fair, the governor isn’t the only one who needs to be recalled. He had plenty of help from the legislators in screwing up the state. Toss them all out and pick names at random from the phone directory, and there will be a better chance of fixing things than allowing the same crooks to stay in Sacramento, regardless of who, if anyone, becomes the new governor.

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Shameless Plug

Posted by taxguru on September 25, 2003

Sherry has completely revamped her Mother Earth’s Treasures website to focus on the popular slide bracelets and other jewelry items that she has had such good success selling on eBay. She has been scouring all of her suppliers and buying up all of their inventory of the most popular styles. Cutting out the middleman (eBay), she passes the savings on to everyone by selling directly from her newly redesigned website.

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Posted by taxguru on September 25, 2003

Thanks to StangeCosmos for the following quotes:

The government is like a baby’s alimentary canal, with a happy appetite at one end and no responsibility at the other.” –Ronald Reagan. ………This reminds me of my infamous poster.

If you think health care is expensive now, wait until you see what it costs when it’s free.” –P.J. O’Rourke

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Posted by taxguru on September 25, 2003

Your Tax Dollars at Work – Remember these big wastes of tax dollars next time you hear some lefty whine about the tax cuts for the rich taking food out of the mouths of starving babies. How many school lunches can be paid for from the money being flushed down the toilet on stupid studies and other boondoggle projects?

Political spin tiring as lies, damned lies – A tired old tactic to defend high taxes is to point out how they are even higher somewhere else. This is easy to do with each individual type of tax because they vary drastically all over the country. However, when it comes to overall combined tax burden, as well as the hidden tax in the form of endless regulations micro-managing every aspect of life in that state, there is no way to defend the position that the PRC’s taxes are too low. Unless, you are a socialist like the two nut-jobs (Huffington and Camejo) in the debate last night.

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Posted by taxguru on September 25, 2003

Congress Asked About Internet Sales Tax – This is a big issue for several reasons, not just the fact that State governments are desperate for new tax revenues. As an accountant, I just dread the thought of vendors having to keep straight all of the sales tax rates all over the country and needing to file hundreds of different sales tax returns for each of the cities, counties and states in which their customers reside.

There are arguments on both sides of the fairness issue related to this. Local in-state retailers can make the claim that it’s unfair competition for out of state vendors to be able to offer tax free sales. However, the flip side is that out of state vendors are not using any of the local state’s infrastructure (roads, police, etc), which is paid for by those sales taxes. There is also the convenience factor to consider. Buying from out of state, you have to pay for shipping costs and wait for your item to arrive. Buying from a local retailer, you can take the product home right away.

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