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Archive for May, 2013

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!


Posted in TaxPlanning | Comments Off on Is minimizing taxes wrong?

Posted by taxguru on May 20, 2013

From Fred Thompson:

Kiefer Sutherland’s anti-terrorist TV series “24” will return to Fox this season. In the opening episode, Jack Bauer gets audited.


From Argus Hamilton:

The Beverly Hills Hotel has started serving High Tea at four o’clock in the afternoon for Los Angeles society groups. It includes a harpist and crumbcakes. The first three groups of ladies were carried off in paddy wagons after the IRS got wind of the tea parties.


President Obama was buffeted by scandals on Benghazi, the Justice Department, and IRS targeting of opponents Friday. It’s weird. If we didn’t know Barack Obama’s father was black and his mother was white we’d think his mother was black and his father was Nixon.


President Obama denied knowledge of the Inspector General’s report Thursday when asked if he knew the IRS was targeting political enemies. It was immediately obvious to every person in the country he’d sidestepped the question. There’ll never be another Bill Clinton.


U.S. Senator John Cornyn revealed the IRS softball team canceled their game with his Senate office’s softball team amid tensions over the IRS scrutinizing conservatives. The IRS should take the softballs while they can get them. The questions only get tougher from here.


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The growing mountain of lies…

Posted by taxguru on May 18, 2013

Does anyone else see the irony in the fact that if any of us normal (non-DC) people were as dishonest when dealing with IRS as the people involved in this scandal are, we would be looking at criminal prosecution for tax fraud and perjury?  Repercussions for the DC liars?  Bonuses and promotions. 

Obama Denies Role in Government –  This worked last November.


Congressman: IRS asked pro-life group about ‘the content of their prayers’ – I think we have a winner for the question of what is the most intrusive thing IRS can do in invading our personal lives.  Being in charge of our health care is a natural progression for them.


Report: IRS Deliberately Chose Not to Fess Up to Scandal Before Election – Nothing could stand in the way of a second term for the messiah.  I’m beginning to believe the rumors that he will ignore the 22nd Amendment and run for a third term.  According to him and his disciples, the Constitution was not meant to apply to gods like him.  He has already disregarded most of it and is still raising campaign money; so what else are we to think?


Obama administration knew about IRS scrutinizing conservative groups in June: inspector general –  Watch for several changes in the “when did they know about this” question over the next few weeks. 


Watergate 2.0 — why the IRS scandal is far worse  –  Unfortunately, this won’t end up the same way.  Nixon didn’t have a sycophantic press corps covering his butt.


GOP Congressman Receives Standing Ovation After He Rips IRS Commissioner –  Let’s hope more of our rulers follow his lead.


GOP: Anyone doubt Obama’s IRS is out of control? –  Let’s see them do something about it.  Congress is in charge of the funding for all government agencies.  Do they have the guts to reduce IRS’s funding?  Not likely.  Unfortunately, most of our rulers are themselves as afraid of IRS as they are of Hitlery’s stash of FBI files.


Higher-Ups Knew of IRS Case –  Well, Duh!  IRS couldn’t have gotten away with such blatant partisanship without the full support of BHO and Little Timmy Geithner. 


Shaheen faces scrutiny over IRS letters –  What a surprise, not.  Another DemonRat Senator has been exposed as using the IRS to attack her critics.


The Autocrat Accountants –  Mark Steyn’s review of the IRS mess.


Hard of Hearings –  As expected, the official DemonRat newspaper, the NY Slimes, jumps in to defend IRS and recommend giving them even more money.


Merely a Tax Misunderstanding –  A more accurate account of the IRS hearing from the WSJ.


Tea Party groups prepare to sue IRS – Would it be a bad thing if IRS were too busy defending itself in these lawsuits to carry out its other duties?



Posted in IRS | Comments Off on The growing mountain of lies…

Arrested Economic Development

Posted by taxguru on May 17, 2013

Funny video from the GOP on the DemonRats’ destruction of our economy. Great idea to have it in the style of the hilarious TV show Arrested Development, which is coming back for a new season in a few weeks.



Posted in economy | Comments Off on Arrested Economic Development

Posted by taxguru on May 17, 2013

Shocking Excerpt: IRS Questions To Conservative Groups –  Parody, but not too far off the mark.


From Leno:

This week will mark the 37th time House Republicans have tried to repeal Obamacare. If Republicans really wanted to do away with Obamacare they should just endorse it as a conservative non-profit and let the IRS take it down.


President Obama announced the appointment of a new acting commissioner of the IRS — the other guy was fired. See, they’re called “acting commissioner” because you have to act like the scandal doesn’t involve the White House.


A lot of critics are now comparing President Obama to President Nixon. The good news for Obama? At least he’s no longer being compared to President Carter.


It has not been a good week for President Obama. You’ve got Benghazi, the IRS scandal, this AP records scandal, and, worst of all, his Chicago Bulls got eliminated by the Miami Heat. Do you know what that means? LeBron James is going to get audited by the IRS.


This week marks the 40th anniversary of the Watergate hearings. For those of you too young to remember, back then the administration had an enemies list. They were spying on reporters, and they used the IRS to harass groups they didn’t like. Thank God those days are gone forever.


A lot of critics are comparing President Obama to President Richard Nixon, which is unfair. Nixon’s unemployment rate was only 5 percent.


This whole IRS thing has become a huge story. They apparently were targeting conservative groups like the tea party. You know it’s bad when President Obama says, “Hey, why don’t we talk about Benghazi?”


The National Aquarium in Washington is going to close. But don’t worry. If you’re in D.C. and you still want to smell something fishy, stop by the White House. They’ve gone from “Change you can believe in” to “Changing the story until you believe it.”

From Jimmy Fallon:

A town in Minnesota has appointed a 4-year-old boy to be its mayor. People got pretty annoyed when he said his first plan was “waising taxes.”


Eagles’ offensive lineman Evan Mathis posted a picture on Instagram that shows him relieving himself on an IRS building with a caption that says, “Audit this!” Or as the IRS said, “OK, see you tomorrow at noon.”

The Surgeon General advised Americans who will sunbathe on Memorial Day to use sunscreen on the beach or at the pool. She said to stay covered. When the White House heard that the Surgeon General was an expert on covering up, they put her in charge of the IRS.
South Carolina’s Mark Sanford was sworn into Congress this week. He won by telling voters the Bible says sinners should be forgiven seventy times seven times. Afterwards he was surrounded by Members asking him if he would teach them how to use a calculator.
USA Today reported Wednesday that liberal groups got a pass from the IRS as the IRS targeted GOP conservative groups. Hollywood took note. It appears that Lindsay Lohan was going to jail for tax evasion til she shrewdly changed her name to Obama for America.
The IRS Commissioner resigned Wednesday in the scandal over the agency targeting conservatives. They asked Tea Party groups for donor lists, Facebook postings and radio show transcripts, under the penalty of perjury. It didn’t scare us in California, where the jails are full.


From Craig Ferguson:

The IRS has a new boss after it came out they unfairly targeted tea party groups. The president says the new IRS chief is not only good with numbers, but he has more integrity than the last guy. It’s Bernie Madoff.


Posted in humor | Comments Off on

DemonRats encouraged IRS abuses…

Posted by taxguru on May 17, 2013

It’s impossible to keep up with all of the stories emerging about the IRS attacks on Regime enemies.  However, the funniest are the attempts by BHO and his Fellow Travelers to act all shocked about this “news” when they were the ones who instigated the IRS attacks.  As always, it looks like BHO will escape any blame for this, just as he has avoided any responsibility for his intentional destruction of the economy.


IRS approved liberal groups while Tea Party in limbo – USA Today


Dingy Harry Admits It: We Need the IRS to Go After “Shadowy” Conservative Groups – Of course, the head scumbag in the Senate sees no problem with what IRS has been doing.


Strassel: The IRS Scandal Started at the Top –  As anyone with any common sense knows.


Carney: Just Because IRS Apologized Doesn’t Mean They Did Anything Wrong – Another example of why this numb-nuts is referred to as a Clown.


Report: IRS Deliberately Chose Not to Fess Up to Scandal Before Election –  Standard practice for the Dims, who know full well that it takes years after the election before anything is done about it.  The Federal Election Commission just issued its report on some of the 2008 election frauds a few weeks ago, and that was a speedy investigation.


Democratic senator pressured IRS to investigate nonprofits – Carl Levin of Michigan uses IRS to attack critics of Big Government.


Obama says he didn’t ‘know anything’ about probe into IRS targeting –  B.S.  He’ll get away with this lie because the media are still covering for him and will continue to call anyone who disagrees with him a racist.


IRS stalled conservative groups, but gave speedy approval to Obama foundation –  Another shocker, not.


IRS Official in Charge During Tea Party Targeting Now Runs Health Care Office –  Life or death decisions will be based on political affiliations. 


Chuck Schumer wanted the agency to probe tax-exempt political groups. –  No surprise from one of the slimiest politicians in DC.


Flashback: Schumer, Franken urged IRS to target tea party in 2012 –  After stealing the election in Minn, it’s no surprise that Al Franken would use the IRS to squelch any critics.


Pelosi on IRS: It’s Bush’s Fault –  Standard DemonRat tactic, to accuse the GOP of doing what they do.


The Drive-Bys Haven’t Turned on Obama — They’re Helping Him Cement the Limbaugh Theorem –  By pretending that BHO had nothing to do with anything bad.


The President’s Non-Answer is an Admission that the White House Knew What the IRS was Doing –  It’s Clintonesque how BHO is able to get away with such bald-face lies.


More Targets –  Basically, anyone who opposes the DemonRat agenda has been a target of IRS abuse by our rulers in DC.


News Anchor Who Complained of IRS Harassment ‘Off the Air’ –  The Dims are fighting back against those who reveal their IRS attacks.


NBC: W.H. Blaming Treasury Dept. for IRS Scandal – The finger pointing game will go on until everyone gets bored and drops the whole issue.


Political abuse of the IRS threatens the basic integrity of our government –  Peggy Noonan


Ousted IRS chief regrets treatment of tea party –  He regrets that IRS was caught.


Boehner on IRS: ‘Who’s going to jail over this scandal?’ –  If nobody’s going to pay for the murder of three Americans in Benghazi, what chance is there of anyone being nailed for IRS abuses?


IRS Chief ‘Can’t Remember’ Who Was Responsible for Tea Party Targeting –  Using the Hitlery technique of perjury that she used so effectively in the WhiteWater hearings.


Will real villains in IRS scandal ever be punished? –  When the proverbial pigs are flying.


Democrat Baucus warns: More to come out on IRS scandal –  He should know, since he routinely encouraged IRS to harass his opponents.


IRS tax exemption/Obamacare exec got $103,390 in bonuses; Did Obama OK them? –  Rewarded for harassing opponents of the Regime.


Rep. Dave Camp accuses White House of ‘cover-up’ in IRS scandal –  A GOP president would have been forced to resign by now.  BHO won’t because of his skin color.


Senate Dems Have as Much to Explain as the IRS –  US News


Republicans blast IRS for keeping scandal quiet, seek names of those responsible –  Unfortunately, the GOP will probably wimp out when the trail leads to the White House.  They’re too afraid of being labeled as racists to actually hold BHO responsible for any of the many crimes he has committed.


IRS Employees Donated Over Twice as Much to Obama in 2012 –  Makes sense.  BHO wants to increase the size and power of the IRS, guaranteeing job security.


Questions and Answers on 501(c) Organizations –  IRS official response to the scandal.




Posted in Dims, IRS | Comments Off on DemonRats encouraged IRS abuses…

Posted by taxguru on May 16, 2013

From Argus Hamilton:

The Washington Post reported the arrival of the first of one trillion cicadas Monday which hatch every seventeen years back East. For the next month a million bugs per acre will be making loud noises proclaiming their freedom. It is why the IRS audited them. 


 The IRS apologized for targeting conservative groups for agency scrutiny during last year’s election. The tax collectors targeted GOP groups and donors for audits. It left every comedian wondering if a great joke on this subject is worth all the extra paperwork. 


 Congress vowed to investigate the IRS after the agency apologized for targeting GOP conservative political groups and their big donors Friday. The White House can’t escape by blaming this one on Bush. This is the big leagues, they’ve got to blame this one on Nixon.


President Obama was grilled as the IRS admitted targeting Tea Partiers Monday. The same day the Justice Department secretly seized reporters’ phone records. It prompted a party at the Nixon Library that night that was so loud the neighbors had to call the police. 


 The IRS apologized Friday for targeting Tea Party and conservative groups for extra scrutiny during the election last year. Tea Partiers were audited just for opposing the president. That’s what they get for being a bunch of nuts who don’t trust the government. 


 President Obama was ripped after the IRS targeted the Tea Partiers while the Justice Department spied on AP reporters. When he vowed to unite America he didn’t want the right wing and left wing united against him. This leaves you with the middle of the bird.



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Taxation = Slavery

Posted by taxguru on May 16, 2013

AlfonZo Rachel has some good reasons to push for the repeal of the 16th  Amendment.



Posted in video | Comments Off on Taxation = Slavery

At least we can all joke about it…

Posted by taxguru on May 15, 2013

From Leno:

I was going to start off tonight with an Obama joke, but I don’t want to get audited by the IRS, so forget that.


The IRS has now admitted that they targeted conservative groups for extra scrutiny. That’s why Mitt Romney wanted to be president so bad — to keep the IRS off his back.


The heat wave is continuing. There are warnings this could be a long, hot summer and they are telling everyone to cover up. Believe me. You don’t have to tell the Obama White House twice. They know all about covering up.


Today the White House unveiled its latest high-tech weapon: the IRS audit.


I love what IRS commissioner Steve Miller said today about this whole targeting conservative groups thing. He said, “Mistakes were made, but they were in no way made with a political or partisan motivation.” Yeah, “Mistakes were made” — try saying THAT during your next IRS audit.


First it was Benghazi, then the IRS scandal, and now this phone records scandal. Remember the old days when President Obama’s biggest embarrassment was Joe Biden? What happened to those days?


From Argus Hamilton:

The White House announced a one hundred billion dollar budget surplus for next year on Friday. It’s no secret how. The U.S. Senate voted to tax Internet sales Thursday one day after Pfizer began selling Viagra online and the cash is rolling in faster than we can count it.


The IRS apologized for targeting Tea Party groups for extra scrutiny last year when they tried to raise money for their cause. It will make for an interesting trial. The tax collectors plan to read the Tea Party platform on the witness stand and plead self-defense.



Posted in humor | Comments Off on At least we can all joke about it…

When will the suffering end?

Posted by taxguru on May 15, 2013

IRS To Be Closed May 24, Four Other Days Due to Budget and Sequester – With the 27th an official holiday, that gives IRS employees a four day Memorial Day weekend.


Posted in IRS | Comments Off on When will the suffering end?