Posted by taxguru on February 26, 2010
Montgomery sees huge decline in taxable income – It’s always great to see when State rulers are slapped in the face with the real world fact that people in their cross-hairs for punitive taxation don’t just bend over and accept it; but move to lower tax jurisdictions. States that think they can solve their fiscal blunders by sticking it even more to the “evil rich” will suffer the same consequences.
Posted in StateTaxes | Comments Off on Refusing to bend over…
Posted by taxguru on February 25, 2010
Posted in Accounting, comix | Comments Off on Different ways to cook the books…
Posted by taxguru on February 24, 2010
It’s never too early for sin taxes…
Posted in comix, SinTaxes | Comments Off on Sugar Addicts, beware…
Posted by taxguru on February 18, 2010
Cash-Strapped States Delay Tax Refunds; NY Says It’s an Option – As always, crazy ideas hatched in the PRC have a way of spreading across the country.
Just try sending an IOU payable to your State in with your State tax return and count the days before your bank account is levied.
Posted in StateTaxes | Comments Off on More IOUs for TaxPayers
Posted by taxguru on February 18, 2010
Class Warfare’s Next Target: 401(k) Savings – Raiding private retirement accounts, either with an upfront tax or as a conversion to government control, has been under consideration by our rulers in DC for a while now; at least since the Clinton years. That huge pool of wealth is simply too tempting for our money and power hungry rulers to resist.
This is also another example of how our rulers have no shame about changing the rules after the fact in regard to retirement plans, as I have explained on countless occasions when warning about Roth IRAs. How can anyone seriously feel safe about Roths remaining tax free for much longer, when our out of control rulers are openly contemplating a full scale confiscation of private retirement funds?
Posted by taxguru on February 18, 2010
The nut job who “got even” this morning with the IRS in Austin for the results of an audit had published a ranting semi-explanation of why he took this drastic step; but it was taken down by his web hosting company. The Smoking Gun was able to snag a copy of it prior to its removal, and has it posted here.
From this passage on the fifth page, it sounds like his CPA, Bill Ross, should be very careful and on the lookout for booby traps, such as car bombs and suspicious packages in the mail. Any current tax clients of his should also be careful not to get caught in the crossfire from this dispute.
Posted in Morons | Comments Off on Insane Tax Protest
Posted by taxguru on February 15, 2010
Neal Boortz recently posted this side by side comparison of the two largest Ponzi schemes used to steal investor money in this country.
Another big difference between the two schemes was the fact that Madoff’s victims invested their money voluntarily, while Social Security is funded at the point of a gun. Madoff’s investors stopped giving him their money as soon as it was revealed to be a fraud. IRS is still forcing people to pay in to the SSA even now that’s its collapse has been revealed to be imminent.
Posted in scams, SSA | Comments Off on Comparing Ponzi Schemes
Posted by taxguru on February 11, 2010
Tax Guru - Ker$tetter Letter 