John Kerry’s Absence from Senate Not Reducing His Impact

Lieutenant Governor: No-Show John Kerry Should Quit Senate – One of the big reasons real life people like me don’t run for high office is that we have to actually work to earn a living and can’t afford to take time away to campaign. That is why most candidates are either so wealthy they don’t need to work, or have jobs where they don’t actually have to do anything. John Kerry fits both those descriptions.

In just one of many examples of the most inept and incompetent political campaign I can recall, John Kerry (or sKerry, as Neal Boortz calls him) wants people to believe that he would work hard as President, when he does almost nothing as a US Senator, even when there are close votes on issues he supposedly cares about. What kind of business would promote an employee to a much more prestigious and important position when that person doesn’t even show up for the job he currently has? Only in government is this even a possibility. John Kerry doesn’t need to be parodied. He is a parody.

Speaking of parodies, several months ago, when the American Candidate reality show was announced, I considered entering in order to get some campaign experience and spread the Libertarian message. After reviewing the application, I decided I couldn’t afford to make the commitment to taking ten plus weeks off from my business. Checking the web site a few weeks ago, I see that I made a very fortunate choice. Rather than parallel an actual presidential campaign, as the original premise had been, the show’s format has been changed to that of a spoof. The original application required the candidates be constitutionally eligible for the presidency (at least 35 years old). They are now accepting anyone, including teenagers.

John Kerry to Expand Middle Class by Taxing Wealthy – With a candidate as inept and stupid as this moron, it’s impossible to distinguish between parodies and his actual proposals. This idea to bring the successful down, rather than boost the poorer classes, is actually right out of the DemonRat playbook.

As I’ve said on many occasions, going into business with someone is very similar to getting married. It still amazes me to see how many people enter into business co-ownership with someone they barely know. What’s even more frightening is how few people actually put the terms of their business relationship into writing. Consider it a pre-nuptial agreement for a business.

Spelling out the terms of the relationship, especially how to terminate it, is a lot easier to do up front when everyone is on good terms. The alternative is to run up a lot of legal bills fighting over a split. It’s a classic “pay me now or pay me later” scenario. The legal fees to draw up a basic partnership or management agreement in the beginning are a drop in the bucket compared to having to pay for years of litigation when things go bad.

While not all marriages will end in divorce, every business relationship will eventually come to an end, even if it’s just from the death of a co-owner. How that person’s share is to be handled is a very important issue that needs to be put into writing when the business relationship begins.

This was prompted by the following email I received recently:

Re: bad partner in s corp.

just wondering if you had any advice for ridding my partner in an s corp we formed. we are equal in amount of shares owned, he is lazy, does nothing and has the worst work ethic I know. Please help.

My reply:

I’m assuming that you didn’t have a formal written partnership or management agreement drawn up at the beginning that would have addressed this situation.

It’s basically going to involve negotiating with your co-owner. There are several optional strategies that could be used, based on the details of your particular situation.

You will need to consult with an attorney or corp tax pro to see what would work out best for you. I can’t do any more in a medium such as this. Ideally, you and your co-owner should both consult with the pro; kind of like marriage counseling.

Good luck.

Kerry Kerstetter

Federal Bankruptcy Court Permanently Bars “National Audit Defense Network” From Selling Tax Scams and Preparing Tax Returns – All 640,000 of the people stupid enough to fall for this scam will be paying the price as well.

Surprise! Most senators are wealthy – The gap between the Washington Royalty and the average American just keeps growing farther and farther from our founding fathers’ goal of having a constant rotation of average everyday people serving in office and then returning to their normal lives.

Many Senators Have Stakes in Large Companies. Firms Would Benefit Under Tax Bill – What conflict of interest?

Every political party has its share of nut jobs. The Libertarian Party is no exception. This bozo‘s claims that income taxes are unconstitutional and that nobody has to file tax returns are as idiotic as those of this other moron who claims, when it’s convenient, to be a Libertarian.

As I’ve always said, there are valid ways to work for lower taxes. Advising and encouraging people to break the law is not one of those. Anybody stupid enough to follow the lead of illegal tax protestors deserves the consequences that will be forthcoming.

I do find it a bit offensive that these news accounts play up the political affiliation of this idiot. Why don’t we see the political party mentioned in news accounts of people arrested for other crimes, such as rape, murder and robbery?

Feds raid home of tax foe

Tax foe expects criminal charges for ‘telling truth’

IRA Tips for Non-U.S. Residents

Miss. Lawmaker’s Kin Is Refused Treatment – There’s just something about this that seems right. As long as the person’s life isn’t at risk and there are other doctors to refer, it’s perfectly understandable that a physician would feel uncomfortable about doing work for someone who is technically an enemy. I would have the exact same feelings if a member of the Clinton or John Kerry gang were to want me to do any tax or consulting work for them. Their support of high tax policies would be just too hypocritical for me to reconcile with my focus on minimizing client taxes.

President Ronald Reagan: Best Friend to Small Business

Bank error only buys trouble – This kind of story pops up every so often. A bank accidentally deposits thousands or even millions of dollars into someone’s account. That person then spends the money, claiming it was a gift from God. It’s not. It’s theft to exploit a clerical mistake and spend money that doesn’t belong to you. It’s no different than finding a lost wallet on the street. You’re supposed to turn it in to authorities and wait for the rightful owner to claim it. Sooner or later, the rightful owner of the money that was accidentally deposited into someone else’s bank account will discover that fact. This is also another reminder of how important it is to reconcile one’s bank account as often as possible.

Calif. Dems seek to tighten ‘yacht tax loophole’

Bush Spending–a Comparison With Reagan’s

Debating Reaganomics – Interesting debate between Capitalist Stephen Moore (head of the Club for Growth) and Socialist Robert Reich (Clinton’s Labor Secretary).

Some stock funds strike discordant notes

I want to be ready with a camera in case we get another visit from a bear. Last Sunday afternoon, one came right up to the bird feeders in front of my office window, but Sherry chased him away and he ran off through the woods before we could take his picture. In fact, he ran so fast, we couldn’t see if the old cliche about bears was true or not.

I was trying to learn how to work Sherry’s new fangled fancy digital camera and snapped a few shots while sitting at my desk today as Rush’s show was on. This one with him checking out my constant companion Hercules came out pretty nice, even in this much reduced web friendly size.