Giving a Car? Get It in Gear – More on the new rules taking effect next year.

Big Tax Plans, Big Tax Risks

National Audit Defense Network is no more.

Two scammers in Akron, Ohio are nailed, along with their foolish clients.

One of the most important financial issues to me since my very first accounting class has been the absolute insanity, instability and unfairness of the Social Security system; which is why helping people avoid flushing tens of thousand of dollars down this commode each year has been a big focus of tax planning for my clients the past almost 30 years. 

It’s good to see that no time is being wasted after the election in addressing how this Ponzi Scheme needs to be fixed.  I’m not really that optimistic that the huge changes that are necessary will be forthcoming any time soon; but at least the debate is moving forward.

The normal hysterical reactions for the Left are right on schedule, such as with this comic that wants to paint the idea of allowing people to have their own privately controlled retirement accounts as a terrible idea because evil stockbrokers would be earning commissions on those transactions.  According to our betters on the Left, all good comrades should know that all money in this country belongs to the government and allowing any private market control is inherently evil.  What they are really afraid of is losing access to those trillions of dollars in Social Security funds that are currently being commingled with general operating revenues; something that is illegal in the world of privately controlled retirement accounts. 

Andrew Roth at the Club For Growth has been posting links to some very good articles on this topic, such as these today:

Social Security: House of Cards – By Ron Paul, previous Libertarian Presidential Candidate

Personal accounts, not benefit cuts – By Jack Kemp

The next 4 years: a shift to “ownership society”

IRS Office of Professional Responsibility Bearing Down on Practitioners – Cracking down on the bad apples in our profession, such as:

Court Halts Preparation Of Frivolous Tax Returns In East Cleveland. Return Preparer Omits His Customers’ Wage Income

Regulators accuse H & R Block of fraud for sale of Enron bonds – Why it’s risky to branch out from the tax return business.

Bush expected to press for overhaul of tax code. Replacing system politically difficult – Well, Duh

Finance: Lessons of the Past Five Years

Budget deficits may force Bush to make hard choices

Bush Hopes to Make Tax Cuts Permanent

Why taxpayers may steer in new direction

Tax Reform High on Bush Agenda

Libertarian Arrested for Tax Evasion – There is  a very clear difference between working within the system to minimize your taxes and flagrantly breaking the law, as this idiot did.