
Archive for April, 2004
Getting Organized
Posted by taxguru on April 6, 2004
I’ve posted more details on how our tax return organizers function that should hopefully clear up some of the confusion.
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Posted by taxguru on April 6, 2004
Who pays the taxes? – The trend continues of having fewer and fewer people (the evilest rich) pay a larger and larger share of the overall tax burden.
Americans are too optimistic about retirement, study finds – That’s especially true for anyone under 50 who believes Social Security and MediCare will be covering their retirement costs.
Tax Freedom Day Comes on April 11 in 2004, Earliest Since 1967 – Thanks to the Bush tax cuts.
Tax-Law Complexities Benefit Preparers, Software Cos. – There is no profession with more job security than the tax business. Our best allies are our rules in DC, who make more work for us very time they try to fix the tax code.
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Truth In Advertising
Posted by taxguru on April 6, 2004
New slogan for DemonRats, courtesy of T-Shirt Hell.

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Posted by taxguru on April 6, 2004
Many Firms Avoided Taxes in Boom – This is just more “hate the rich” type rhetoric, decrying tax breaks for the “other guys” (aka evil corporations). What these complainers fail to acknowledge is that corporations aren’t intended to pay taxes under true capitalism. They are merely conduits for their owners, employees and suppliers, who pay more than enough taxes on corporate revenues.
Satellite TV Services Eyed For New Taxes
Dividend Tax Cut Causing Many Headaches – Problems on two fronts. Errors with info on 1099-DIV and then confusion on how to properly report the different types of dividend income on the 1040. This is another benefit in waiting until after April 15 to prepare tax returns. Hopefully by then, most of these errors will be straightened out.
Predicted bonanza from the IRS is failing to meet expectations – Mixed stats. Larger refunds for some people and little changed from earlier years for others. As any financial expert will tell you, it’s much better to have the higher take home pay throughout the year than receiving a big check from the IRS every April; so I can’t get too worked up over small refunds.
Is Your Retirement Plan Gouging You on Fees? – Besides not having your retirement funds invested in risky stocks, you need to be sure the administrative fees don’t eat up your nest egg.
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Posted by taxguru on April 5, 2004
Just another example of things our rulers routinely do with impunity that would land private sector people in the slammer. Any time a new tax or fee is sold to the public as being for some great and noble cause, you can be sure that the money will eventually be diverted to other pet projects or just commingled with the general budget – another no-no in the real world.

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Posted by taxguru on April 5, 2004
Loophole makes drive time less taxing for state pols – This sounds more like sour grapes and resentment by the legislators who love too close to the capitol to be able to claim the larger out of town tax deductions.
E-mail tax forecast – The longer our rulers in DC take to address the issue of taxing the Internet, the less likely the chances of a reinstatement of the recently expired moratorium; especially if a bunch of tax hungry States and local jurisdictions jump in soon to fee off of this new source of revenue.
John Kerry admits corporate taxes are too high, but his plan would make things worse – Consistent with his practice of taking every side of every issue.
John Kerry Camp Hits Bush for ‘Drunken Sailor’ Spending – It takes one to know one. In fact, his mentor, Teddy Kennedy is the real thing – a lying politician who is also a very real drunken sailor (and driver).
GOP Sen. Specter Challenged From Right – The Club For Growth is doing a great job going after this RINO from PA.
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Art imitating life…
Posted by taxguru on April 5, 2004
This hits fairly close to home, since I have lost almost 35 pounds since Sherry & I started the Atkins Diet back last September.

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Posted by taxguru on April 5, 2004
A bill full of pork – The drunk sailors are firmly in charge in DC. Will Bush have the stones to veto this mess?
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