Tax hikers are relics of past – We can only hope.

Dems: Soak the poor! – Imagine that. The DemonRats don’t want to make the new 10% tax bracket permanent.

Gassy EMails:

I’m sick of receiving those email chain letters claiming that not buying gas on Wednesday will have some effect on the price. Check out this analysis of that foolishness from the busy debunkers at Snopes.com.

More thanks to TaxProf Paul Caron for the link to this pdf chart showing the maximum Federal tax rates since 1916. I found it so interesting that I converted it to html and made it a permanent page on my main website for reference purposes.

TaxProf Paul Caron has an interesting look at the issue of a church’s tax exempt status and its technically illegal involvement in politics. While this current case deals with the Catholic church’s problems with John Kerry, we shouldn’t forget how the DemonRats have a history of using black churches as campaign vehicles. Bill Clinton, Al Gore and John Kerry have all very openly used such churches as campaign tools. Is there any wonder why we haven’t seen any media outcry for those churches to have their tax exempt status revoked for violating the ban on political involvement? It doesn’t take a NASA scientist to figure that out.

You can always find the latest news releases from IRS on their web site in easy html or in downloadable PDF, such as these latest ones:

IRS Lends a Hand to Small Business

IRS Offers Small Businesses New Tools to Help Manage Retirement Plans

IRS has been doing a good job of making an ever increasing number of tax resources available through their web site. However, we do need to keep in mind that they do have a natural bias in regard to generating revenues for the government. So, key decisions as to how to structure a business, such as the best type of corporation to use should still be evaluated with the assistance of a tax pro who shares your desire to minimize your taxes.

Feds bust $50M tax scam – Another dose of reality for participants in the Global Prosperity tax evasion scam.

Rules of the ‘Roth’ and ‘Roll’ – No shortage of confusion over the rules for IRA accounts. The complexity will only increase as more new types of plans are introduced.

Budget Seeks 75% of Awards for Damages – Interesting attack on wacky lawsuits by Governor Arnold. Have the State government seize 75% of the punitive damage awards.

Riding out the Gas Spike – Still no word from IRS on increasing the official standard mileage rate. My hunch is that they are still waiting to see if the fuel prices will come back down soon.

How to Introduce an Effective Tax and Expenditure Limit

A Profile of the 70 Million Taxpayers Benefiting from the Wider 10-Percent Tax Bracket

Are lottery winners really less happy? – Who would have thought that people who work hard for their money would appreciate it more than those who have it handed to them? It’s done wonders for trust fund jerks like the Kennedys, who have become de facto royalty from Joseph’s bootlegging and stock swindling loot.

Baby gets credit card application – Who says 13 months old is too soon to start using credit cards?

NASA’s Finances in Disarray; Auditor Leaves – What’s the big deal about misplacing $565 billion dollars? They’re only rocket scientists; not CPAs.