Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for April 19th, 2004

Posted by taxguru on April 19, 2004

Agency may redefine what a family farm is – Just as with the definition of evil rich for tax purposes, it varies program by program and agency by agency.

A house fit for a cat – Leaving an estate to one’s pets requires some special estate planning techniques.

A Better Mutual Fund Reform – If the various governmental regulatory agencies carry out their (promise) threat to issue new rules to protect investors, we can expect it to be just as successful as Tax Reform has been. The wise move (unfathomable to our rulers) would be to let the market take care of itself.

Single Women in Retirement Peril – It always scares me when news stories start using terms like “crisis” and “peril” because that means some kind of new government program is in the wings to solve the perceived problem.

Fair Tax would live up to its name – Unfortunately, fairness is the last thing most of our rulers want for a tax system that they use for their social engineering projects, especially wealth redistribution.

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Posted by taxguru on April 19, 2004

Tax Compliance Costs – Good look at the increasing costs to our society just to stay in line with the ever changing tax rules. It echoes a sentiment I have long discussed on how unfair it is to require victims of the IRS research projects, with their line by line dissection of every item on their tax returns, to pay for their representation or take time off from work to handle it themselves.

A Taxation Policy to Make John Stuart Mill Weep – While I obviously don’t accept the judgment of this piece, it does have an interesting look at tax policy in regard to “horizontal equity” and “vertical equity.”

Recapping the Benefits of a 529 Plan – There is a lot of confusion regarding these education savings plans, including the misconception that there is a tax deduction allowed for contributions to these accounts. Having different rules for the various state plans also makes it tougher to know what to do.

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Posted by taxguru on April 19, 2004

John Kerry’s Tax Hypocrisy – In typical liberal fashion, JFK is always calling for higher taxes on the evil rich. His state of Massachusetts actually has two ways of computing its income tax; at 5.3% or at a higher 5.85% for those who want to help out the state government some more. Guess which rate John Kerry paid. Higher taxes are only appropriate for everyone else, and when given a chance to pay more, in true selfishness, he does what 99.97% of his fellow MA taxpayers do, and pays the lowest rate available.

As those of us who believe in lower taxes have always said to liberals, they are free to send in every penny they have to support their beloved Big Government programs. It’s a very different story when they push to have the government use its awesome power to forcefully take money from other people who don’t believe in Big Government.

Special-Interest Add-Ons Weigh Down Tax-Cut Bill – Our rulers are hopelessly addicted to pork.

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Posted by taxguru on April 19, 2004

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