Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 669 other followers

  • Blog Stats

    • 289,268 hits
  • Posts By Day

    July 2013
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    293031  
  • Subscribe

  • Special Pages

Archive for July 23rd, 2013

Posted by taxguru on July 23, 2013

From Jay Leno:

Detroit has become the largest city in U.S. history to file for bankruptcy. What happened was Detroit’s population dropped something like 70 percent, but the government got bigger. The tax base got smaller, but the government got bigger. Thank God that kind of thing could never happen in Washington.

 
 
 

Detroit filed for bankruptcy Friday listing eighteen billion dollars in municipal debt and pensions it can’t pay. The declining business revenues can’t support government services. President Obama just told reporters that if he had a city it would look like Detroit.

 

Barack Obama said Friday he himself might have wound up like Trayvon Martin. Not likely. Any black kid who was destined to double the Dow Jones, save banks and double oil profits would be greeted in any gated community with gold, frankincense and myrrh.

 

 

Posted in humor | Comments Off on