Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for July, 2010

More debate on the Bush tax cuts…

Posted by taxguru on July 31, 2010

The Soak-the-Rich Catch-22 – From Arthur Laffer

To deal with the deficit, let the tax cuts expire – The problem is that too many people believe this lie.

A tax increase in these uncertain economic times would be devestating.

Pending tax hikes cause Democratic tension

Liberal Tax Revolt Game-Changer? – Are some DemonRats actually in favor of extending the Bush tax cuts?

The calamitous effects of Obama’s tax hikes

Pence promises full-fledged GOP campaign to keep Bush tax cuts – Of course, the GOP’s track record in slowing down the DemonRats’ socialist agenda doesn’t make this sound very realistic.

Tax hikes for the rich: Can the economy afford them? – In CNN’s typical  logic, all money belongs to the government, and we should be ever so grateful if our rulers allow us to keep any of it.

Battle Looms in Washington Over Expiring Tax Cuts

Geithner says allowing tax cuts for wealthy to expire would be responsible thing to do

Posted in TaxHikes | Comments Off on More debate on the Bush tax cuts…

Trying to predict 2011 taxes…

Posted by taxguru on July 29, 2010

With the expiring tax cuts on the horizon and the possibility of their being extended, trying to get a handle on what a person’s 2011 tax picture will look like is more difficult than at any time I can recall in my 35+ years in this profession.  Luckily, there are some folks developing tools to make some quick calculations possible.  Specifically, this tax calculator from the Tax Foundation, called MyTaxBurden, is very interesting.  It allows you to input your estimated income and deduction amounts and see the Federal income tax under three different assumptions;  the Bush tax cuts expire, they are extended, and one of Obama’s proposed budgets

Some useful related info on the three different scenarios:

Detailed Breakdown of Tax Brackets

Outline of Major Tax Law Provisions in 2011 under Multiple Scenarios

Posted in TaxHikes | Comments Off on Trying to predict 2011 taxes…

Posted by taxguru on July 28, 2010

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Posted by taxguru on July 28, 2010

Sen. John Kerry skips town on sails tax –  Today’s example of DemonRat hypocrisy.

His career of marrying rich widows has obviously resulted in a very cozy lifestyle for the Lurch lookalike.  Let’s not hold our breath waiting for Vice President Joe Bite-Me Biden to call John sKerry unpatriotic for taking steps to avoid paying his fair share of taxes. That would only happen if the yacht were owned by a Republican.

Some more coverage of this topic:

http://www.myfoxboston.com/video/videoplayer.swf?dppversion=2397

Sen. Kerry to pay $500K tax on yacht

The more sKerry changes, the more he stays the same

Activists: John Kerry boat flap boon to tax ballot question

John Kerry may need to pay $500k tax on yacht

Explaining John Kerry’s Yacht-Tax Dodge

John Kerry says he always intended to pay tax – Of course he did. Doesn’t this remind you of his famous campaign slogan that he voted for a bill before he voted against it?

John Kerry adds wind to story’s sails

sKerry: Benedict Arnold’s yacht?

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A Poll Tax?

Posted by taxguru on July 26, 2010

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Posted by taxguru on July 23, 2010

(Click on image for full size)

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How Tax Reform Works…

Posted by taxguru on July 23, 2010

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The Obamunists want the economy to remain in the crapper…

Posted by taxguru on July 22, 2010

 The Tax Tsunami On The Horizon

Letting the Bush tax cuts lapse would suck $2.6 trillion out of American pockets.

Geithner: Taxes on Wealthiest to Rise

(Click on image for full size)

Posted in Commies | Comments Off on The Obamunists want the economy to remain in the crapper…

Where is your retirement money?

Posted by taxguru on July 22, 2010


Some employers steal from 401(k) plans –  Some common sense tips to make sure your money is in the proper place.  Of course, this only applies to private retirement plans because there is no way to ensure that your Social Security money is invested securely.  That money is routinely stolen and spent on idiotic things by our corrupt rulers in DC; and there is nothing that you can do about that. 

 

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Tax saving deaths?

Posted by taxguru on July 21, 2010

The Deadly Impact of the Death Tax – Will the zero percent death tax for 2010 result in more deaths of wealthy people?



What Does the Death Tax Teach Us About Obama’s Tax Agenda? – That he’s consistent with his faithfulness to his guiding principles in the Communist Manifesto.




Posted in comix, Estates | Comments Off on Tax saving deaths?