Tax Guru – Ker$tetter Letter

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Archive for March 3rd, 2008

Wesley Snipes’ claim to fame…

Posted by taxguru on March 3, 2008

It’s looking like Willie Nelson is losing his crown as the most famous celebrity tax screw-up; at least according to the Late Show writers.

From their Top Ten Ralph Nader Campaign Promises:

Fund universal health care by making Wesley Snipes pay his taxes.

From the 2/29/08 un-aired “Top Ten Dumb Guy Explanations For Leap Year:”

One of those things that happens every four years like Wesley Snipes paying his taxes.

I wonder if Snipes is scheduled to be on the April 15 show, where tax preparers give the Top Ten.

Posted in humor, Morons | Comments Off on Wesley Snipes’ claim to fame…

Short sighted in Sacramento?

Posted by taxguru on March 3, 2008

According to this item from Los Angeles, there are some idiot rulers in Sacramento seriously considering killing the tax deduction for home mortgages in order to generate what they guesstimate to be five billion dollars of new tax revenue. 

While there is a very slim chance of that being the actual result for one year at the most, it doesn’t take a genius to follow the chain of events that would be triggered by such a ridiculous move.  Taking away this tax deduction would have a much more widespread impact than the infamous jump in sub-prime mortgage payments has. The resulting plummet in real estate values would hit income and property tax revenues by many times that amount. 

Of course, none of our rulers, in Sacto or DC, have a reputation for factoring in long term consequences of their actions.  Most of them can’t see beyond the next election and couldn’t care one bit less about what might happen after that.


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Posted in Uncategorized | Comments Off on Short sighted in Sacramento?