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Archive for May 21st, 2013

NewsBusted looks at ObamaCare

Posted by taxguru on May 21, 2013

Surprisingly, this week’s episode of NewsBusted didn’t have anything about the IRS  political enemies scandal; but they did have some good zingers about the ObamaCare monstrosity that is getting closer and closer to clobbering us all in far too many ways.




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Is minimizing taxes wrong?

Posted by taxguru on May 21, 2013

According to some people, especially those who believe all money rightfully belongs to government, it is wrong to take steps to reduce one’s tax burden.  Those of us who believe in the capitalist free market system understand that legally arranging things to preserve as much of our hard earned income is the fiscally responsible thing to do.

A reminder of the quotes that have always summarized my tax planning philosophy, from Judge Learned Hand in 1934 and 1947.

Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.

Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.


Our rulers in DC, including some RINOs, need to be reminded of this, as they try to embarrass some large American companies for just doing what they should be in order to continue succeeding.

Google insider exposes ‘immoral’ tax scam –  Whether something is a “scam” or just smart business management is in the mind of the beholder.


Apple is also under the gun for being too successful and not kicking enough money up to the organized crime bosses in DC:

Panel: Apple uses firms outside US to avoid taxes  

High-Tech Lynching: Senate Attempts to Crucify Apple

Apple Avoided Taxes on Overseas Billions, Senate Panel Finds 

Apple’s Cook to face Senate questions on taxes 

Apple CEO makes no apology for company’s tax strategy – Good for him.

Senate investigators: Apple sheltered $44 billion from taxes




This is a contentious issue all over the world.

100 of UK’s richest people concealing billions in offshore tax havens –  All countries with high tax rates will have those who refuse to just bend over and accept a fiscal buggering.


Taxes on some wealthy French top 100 pct of income: paper –  This takes the concept of taxes as slavery to a ridiculous extreme. Having to pay the government more than you earn is nothing less than outright theft.


TaxCoach Software: Finally! Plain-English Tax Planning That Builds Your Business!


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