Social Security not deal it once was for workers – As with all Ponzi schemes, the early investors make out like bandits, and it eventually implodes and screws the later investors. We are in the latter phase right now.
Archive for August 5th, 2012
How to end the recession…
Posted by taxguru on August 5, 2012
Who knew Hitler was so savvy on supply side economics?
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Posted by taxguru on August 5, 2012
From last Monday’s Pookie’s Toons:
A group of California cities is studying whether to track drivers by GPS and tax them on the number of miles they drive. I’m guessing most of the mileage will be one way – out of the state.
Senate Democrats announced that they’re pushing for a HUGE raise in the death tax next year. Guess they figure it’ll make a nice bookend to Obamacare taxing you just for being alive.
Democrat Congresswoman Rosa DeLauro said that Congress ought to look at imposing a federal tax on soda pop. Sure. Then when sales plummet, a penalty for people who don’t buy it.
John Sununu ripped President Obama for anti-capitalism remarks, saying he wished Obama could be more American. That’s unfair. President Obama spends more money than he’s got and he may lose his job this year, so what could be more American than that?
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Ranting about property tax assessment
Posted by taxguru on August 5, 2012
It’s hard to stop checking out these crazy Hitler ranting videos when new titles are constantly popping up.
Here, he has some disagreements over how his bunker property is being assessed.
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Even Hitler things taxes are too high in the PRC
Posted by taxguru on August 5, 2012
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Posted by taxguru on August 5, 2012
Countdown to ‘Taxmageddon’: What’s Next? – Why tax planning is going to be so difficult at the end of this year.
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Taxing Olympic Winnings…
Posted by taxguru on August 5, 2012
In response to exaggerated figures floating around the web, Snopes.com has an interesting look at the income tax consequences for those who win medals in the Olympics.
Basically, the winners do report the cash prizes they receive as income; but their deductible expenses to train, and attend the Olympics would most likely be more than enough to cancel out that income on their tax returns.
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Tax Guru - Ker$tetter Letter 