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Archive for April 5th, 2013

Posted by taxguru on April 5, 2013

Obama Budget to Include Cuts to Programs in Hopes of Deal –  As I have always warned, making long term plans based on Social Security and Medicare is risky because our rulers in DC have no qualms about changing the terms at a moment’s notice.  No private investment or insurance company would get away with such after the fact modifications; but our rulers are like royalty and allowed to do anything they want in order to stay in power. 


Tens of thousands Obamacare ‘navigators’ to be hired –  What a great solution to high unemployment.  Pass legislation with thousands of pages of gibberish, add in tens of thousands of pages of inane regulations and then hire hundreds of  thousands of new government employees to try to explain the rules to the peons who are forced to use the new socialized medical system.  There are similarities in this scenario to the tax system, except for the fact that we in the practitioner community are not government employees (yet). 


After Taxes, Romo the Highest Paid NFL QB –  It’s not how much you gross that matters, but how much you can keep after the government rulers take their share.


20 Hidden taxes of Obamacare! –  And that’s just the beginning.  Dozens more are also in the works in the bowels of Washington DC.


New $25 Gun Tax Begins In Cook County –  Anything and everything can be taxed by our insatiable money hungry rulers.


Warren Buffett and Berkshire Hathaway Investors Will Voluntarily Pay “Buffett Rule” Tax –  An appropriate April Fools story from Americans For Tax Reform, as is obvious with the accompanying picture.


Stephen Baldwin avoids jail with guilty plea in tax case –  For some unexplained reason, he didn’t pay New York state taxes and now owes them $300,000 for 2008 –  2010.   



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