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Archive for March, 2013

Posted by taxguru on March 20, 2013

From last night’s talk shows, via NewsMax:


A 28-year-old woman from Serbia has a rare brain condition where she sees everything upside down. The good news? She’s now been given a job at the White House as President Obama’s economic adviser.

The U.S. Senate is now fighting to keep open the Senate barber shop. It loses $350,000 a year. Do you know what that makes it? The most successful government program ever. It’s losing only $350,000 a year.

The island nation of Cyprus is now considering a 10 percent tax on every individual savings account in that country. They’ll take 10 percent of your money right out of the bank. To which President Obama said: “You can do that?”



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Paper has its benefits…

Posted by taxguru on March 19, 2013

As someone who has refused to accept the e-filing of tax returns and is still sticking with printing them out on old fashioned paper for clients to sign and mail in, this little video struck a chord.


 Thanks to Bees Knees on TheTaxBook message board for this.


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Posted by taxguru on March 12, 2013

Some more great tax and economic jokes from today’s episode of NewsBusted.


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Posted by taxguru on March 12, 2013

Tax bills for rich families approach 30-year high – And it’s still not enough for the DemonRats.


Record Tax Revenue Not Enough for Dems –  It can never be enough.


CBO: Federal Revenue to Set Record in 2013 – But still not even close to covering the wild out of control spending by our rulers.  In fact, there is no amount of tax revenue that could ever cover it.


Paulson Said to Explore Puerto Rico as Home With Low Tax –  High taxes do motivate behavior.


Government Advertises for Nearly 2,600 New Jobs Since Sequestration – The growth of Big Brother government continues unabated.


Dozens of WH senior staffers making six-figure salaries amid sequester woes –  Only those of us living on Planet Earth have to cut back when money is tight.  These basic rules of economics don’t apply to the Planet DC.


Another Tax-the-Rich Plan Introduced in Congress –  The short-sighted DemonRats have no fear of killing the Golden Goose.


The Fed Pumps Up Obama’s Market –  The artificial bubble has to burst eventually.


40 Obama White House aides owe the IRS $333,000 in back taxes –  Normal laws don’t apply to those in power.


IRS: How should we treat the new health insurer “fee”? –  The tentacles of ObamaCare continue to grow, including allowing IRS to regulate health insurance coverage.


Cost of Entitlements: To cover $35T promise, future generations face steep tax hikes –  Our reckless rulers continue to spend all current and future money now.  In the real world on Planet Earth, such behavior would result in prison time, not royalty as occurs on Planet DC.


Sequester won’t interrupt collection of taxes from ‘ObamaCare’ –  Nothing stops the Tax Collector.


Ex-Lawyer Donna Guerin Pleads Guilty in Tax-Shelter Case – Some people do cross the legal line when it comes to tax saving strategies.



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Posted by taxguru on March 9, 2013

Number of Tax-Delinquent Government Workers Up 11.5% – Another example of how those who used to be “Public Servants” have become our masters, a privileged elite protected class.


Kansas Governor Pushing to Eliminate State Income Tax (Video) –  Another option to the high tax states.


Tax Bite Leaves Flacco Second Best Paid in NFL – Moving to a tax free state would allow him to hold onto more of his earnings.


L.A. Balks At Tax Hike; Now About Those Pensions – Although it was just a half cent sales tax, it’s good to see the voters finally say no to a tax. However, as with almost all levels of government, the public pensions are continuing to push the city towards bankruptcy.


Queen Nancy continues to give Joe “Bite-Me” Biden a run for his money as to who is the stupidest high ranking DemonRat.  However, neither one is as smart as an ashtray.

Nancy Pelosi demands $10.10 per hour minimum wage 

Pelosi: ‘Tax Cuts Are Spending’ – Because all money belongs to government.


Dems Struggle to Live Up to Sequesteria



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Posted by taxguru on March 7, 2013

From the email Thought of the Day on March 5:

“Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.” – Milton Friedman


From Argus Hamilton:

 Hugo Chavez was lionized by the left Tuesday although his country is suffering from unemployment, high taxes, and fleeing industries. His Hollywood admirers enjoy one major consolation. Hugo Chavez’s legacy will forever live on in the California state tax code.

Baltimore Ravens quarterback Joe Flacco signed a huge deal that added a thirty million dollar signing bonus Monday. Negotiations stalled for months and now he has to pay the higher tax rate on the rich. During the press conference he thanked his agent, Nancy Pelosi.


Government-by-fake-disaster-movie –  Hilarious review of the idiotic and insane Federal budget scams by Mark Steyn.



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Posted by taxguru on March 6, 2013

From Argus Hamilton:

The Baltimore Ravens signed quarterback Joe Flacco to the richest player contract in NFL history Friday. He agreed to a six-year deal for one hundred and twenty million dollars. He admitted it is a hard number for him to fathom, even before the brain damage.

President Obama signed the sequestration cuts into law which cut the rate of future spending by two percent but didn’t cut any current spending at all. It’s an interesting approach to cutting the budget deficit. It’s like trying to lose weight by eating slightly more

The U.S. Navy announced Monday it’ll stop halting drug shipments headed for the U.S. due to the sequestration cuts. The day before, the IRS said it’ll lay off collection agents. They’re going to have to do better than this if they want Americans to agree to higher taxes.

White House press secretary Jay Carney denied Monday that donors can meet with President Obama for five hundred grand. He said any notion that there is a set price to meet with the president is just wrong. In other words, no reasonable offer will be refused


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DemonRat “Skyfall”

Posted by taxguru on March 4, 2013

Rush Limbaugh had this well done parody of Adelle’s Skyfall, with 0BaMao and his fellow DemonRats lying about budget cuts.  It ends with that braniac Maxine Waters explaining how we could lose 170 million jobs from this minuscule reduction in the growth of the Federal budget.


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Posted by taxguru on March 1, 2013

Broke U.S. Government Eying Your Retirement Savings


Paris seeks alternative to 75% tax –  I doubt that dropping the top rate to 66% will be enough of an incentive for tax refugees to return.



’70s Flashback: Democrats Tried Same Scare Tactics on Prop. 13 in California –  I can still remember all of the end of the world hysteria in 1978 over Prop 13. 


Maxine Waters: Sequester Could Cause ‘170 Million Jobs’ to Be Lost –  Another example of the wizards leading the DemonRat Party in DC.  They have many more than the normal quota of mentally handicapped persons in power.


Americans see biggest monthly income drop in 20 years –  Continued success by the DemonRat Regime to reduce privately held wealth. 


It’s official: Gas tax going up –  Taxes in the PRC continue to climb.


Cigarette tax jumps up $1 a pack in Chicago –  Money addicted politicians can’t go wrong by exploiting the addiction of nicotine fiends.  How long will it be before the volume of smuggled cigarettes rises? 

IRS Furloughs to Begin After Tax Season –  Too soon to know if this is good news or bad. 

Obama’s Sequester Math: $300 Billion In New Revenues Called ‘Spending Cuts’ –  DC math has long been from another planet than the one we live on.


Democrats complain about presence of debt clock on Capitol Hill –  They don’t want any reminders of the fact that they are continuing on a reckless spending spree with money that we don’t have.  Out of sight, out of mind.


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