Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for September, 2003

Posted by taxguru on September 22, 2003

Deficit dimensions . . . and cure – More on how ridiculous it is to blame the huge deficit on the tiny tax cuts that have already taken effect.

Krugman’s Conundrum. He’s bent out of shape by supply-side economics. – The New York Slimes’ official economic writer can’t stand any opposition to his own Marxist belief.

IRS claims Blagojevich owes $8,032 in taxes. – IRS will even go after a governor’s campaign fund if they forget to pay taxes on their unrelated interest income.

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A very real problem for us self employed folks.

Posted by taxguru on September 22, 2003

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Posted by taxguru on September 21, 2003

GOP’d rather be right than in office – We already have more than enough RINOs in high elected office around the country to think that adding another one will do anything but dilute the conservative message that the GOP used to stand for under Reagan.

If Arnold truly wants to help the GOP, he will continue to campaign hard for the recall, but also for Tom McClintock as the replacement for Gray Davis.

Big companies vs. big government – The Left, in true Marxist fashion, believes there is no such thing as too large a government, while condemning capitalism and private ownership.

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No Fat Lady Singing

Posted by taxguru on September 20, 2003

In spite of losses at the polls around the country, the pro-tax forces will never give up. They are persistent and will find ways to get those taxes in other, sneakier ways, on which voters will have no say whatsoever, such as adding them to utility and phone bills.

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Posted by taxguru on September 19, 2003

Take Care If You Inherit an IRA

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2004 Tax Info

Posted by taxguru on September 19, 2003

I’ve added a page to my main site with the 2004 tax rate schedules and related figures in the easier to follow format I have been using for the past several years.

I also updated the page on the Section 179 expensing election for the 2004 inflation adjusted limit of $104,000, as well as explanations of the phase-out of the Sec. 179 deduction and a general description of what kinds of things qualify for this expensing election.

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Posted by taxguru on September 19, 2003

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Posted by taxguru on September 18, 2003

Annual List of Richest Americans Released

YMCAs: From Community Service to Community Disservice – Nonprofits aren’t supposed to compete directly with regular tax paying businesses.

A new ‘commandment’ from Alabama – It’s the same one Bush 41 violated and lost his job as a result, No New Taxes.

California’s real problem – Why I decided to leave the PRC 11 years ago.

House Approves Tax Cuts – We may see a limited deduction for charitable contributions for non-itemizers.

House Votes Unanimously to Permanently Ban Internet Access Taxes

Davis/Clinton Church Rally Sparks Call for IRS Investigation – The way DemonRats routinely violate the laws against running political campaigns in churches is not likely to stop.

At the trough – The reckless spending spree by our rulers (GOP & Dims) in DC shows no sign of slowing down.

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2004 Tax Rates

Posted by taxguru on September 18, 2003

Every year, the IRS is required to adjust the tax brackets for inflation in order to prevent “bracket-creep,” where people are pushed into higher brackets just for having their income keep pace with the cost of living. CCH has an early look at what those brackets should look like for 2004. I will be adding a page for this on my main web site in the next few days.

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Posted by taxguru on September 18, 2003

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