Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for October 6th, 2011

Our corrupt rulers in DC get to define who among us are the evil rich to be persecuted…

Posted by taxguru on October 6, 2011

and it’s an absolute guarantee that the bullseye will grow and grow to ensure more people fall into that category.

From Blog Comix

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Posted by taxguru on October 6, 2011

Social Security Disaster – Excellent look at the Federal Government’s Ponzi Scheme by Walter Williams.

 

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Posted by taxguru on October 6, 2011

 

 

From Blog Comix

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Misc Tax Articles

Posted by taxguru on October 6, 2011

A Short History of the Income Tax. One original sin was the separation of the corporate and personal tax, giving lawyers, accountants and the wealthy a chance to game the system. –  From the WSJ.  The final statement sums things up quite well.

“Just as in the late 19th century, the tax code is now hopelessly arbitrary and unfair. It requires a complete overhaul.”

 

California tax scofflaws may find themselves grounded –  As I’ve long explained, the PRC tax authorities are much more ruthless in collecting taxes than even IRS.  In fact, FTB often trains IRS agents on extremely aggressive collection tactics.  This new law to rescind driver licenses for people owing taxes is the obvious camel’s nose under the tent.  Currently just applicable for big money tax debtors, it can very easily be expanded to anyone else owing the all powerful State government money.  Just one more reason to get the heck out of the PRC.

 

How to Speak ‘IRS’ Language During an Audit – Some good tips for dealing with IRS. The best tip would be to not deal directly with them and use the services of a professional tax advisor who can stand up to their increasingly belligerent tactics.

 

IRS Hits Oakland Pot Shop With $2.4M Tax Bill –  Another perfect example of how IRS is increasing its use of underhanded and immoral tactics to steal money from people to feed the unending growth and expense of the Federal government.  To not allow a business to deduct its cost of goods sold just because that product is not currently technically legal under Federal law is insane and will hopefully backfire against IRS.  I don’t have any personal knowledge of this case other than what is in this article, but traditionally, the issue of legality in relation to tax law was set by local standards; not the overreaching Federal laws.

 

 

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