Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for July, 2015

Clinton Tax Returns & Questionable Donations

Posted by taxguru on July 31, 2015

One of the benefits of the extremely lengthy presidential campaign season in this country is the ability of the general public to take a peek into the private tax returns of those candidates who choose to make theirs available for viewing.

As has been all over the news today, the Clinton campaign has posted download links for several of Bill & Hitlery’s individual income tax returns here on her website.  They have the Federal individual income tax returns for the years 2007 through 2014.  No copies of State income tax returns are included.

I’m not planning to spend the time dissecting each of those tax returns in great detail.  However, I do feel a need to point out that these 1040s reveal only a tiny fraction of the income that the Clinton Family has received over the past years because they do not show the other entities that they use to funnel income and expenses through, such as the infamous Clinton Crime Foundation and Clinton Global Initiative that have brought in hundreds of millions of dollars in “donations” (aka bribes) from all over the world and which have been used fro the personal benefit of the Clintons.

What is another Clinton stretching of the truth (aka Lie) is the claim of how much they have donated to charity for those years.  From her website:

“Since 2007, we have … made $14,959,450 in charitable contributions.”

Looking at the details on the tax returns, most of those “charitable contributions” were actually made to themselves via their foundation that has been exposed as a Clinton Family slush fund that gives practically nothing to real charities.

From the copies of the tax returns I downloaded:

2014 – $3,000,000 (out of a total charity deduction of $3,022,700) was to the Clinton Foundation

2013 – $3,057,000 (out of a total charity deduction of $3,078,000) was to the Clinton Foundation & Global Initiative

2012 – $1,800,000 (out of a total charity deduction of $1,825,650) was to the Clinton Foundation

2011 – $1,400,000 (out of a total charity deduction of $1,400,000) was to the Clinton Foundation

2010 – $1,000,000 (out of a total charity deduction of $1,000,000) was to the Clinton Foundation

2009 – $1,000,000 (out of a total charity deduction of $1,000,000) was to the Clinton Foundation

2008 – $550,000 (out of a total charity deduction of $550,000) was to the Clinton Foundation

2007 – $3,019,000 (out of a total charity deduction of $3,083,100) was to the Clinton Foundation

Totals for Eight Years:
      $14,826,000  (99.11%)  of $14,959,450  total donations were paid to the Clinton Foundation and Global Initiative  

I realize that, of all the crimes that the Clintons have committed, this pales in comparison; but it is the one area that my skill-set makes easiest for me to detect.

Posted in Charity, Clinton, TaxReturns | Comments Off on Clinton Tax Returns & Questionable Donations

Perjury is no reason to fire the head of the IRS…

Posted by taxguru on July 28, 2015

Add to the list of things bHo won’t do:

Chaffetz asks Obama to fire IRS chief Koskinen for ‘obstruction’ of congressional probes

 

As with Lois Lerner, Koskinen is more likely to receive an award from bHo than a dismissal notice.

Federal Judge Threatens To Hold IRS Commissioner, DOJ Lawyers in Contempt of Court over Lerner

IRS gets lashing from judge for refusing to release Lerner emails, other documents

The Curious Case of Lois Lerner’s Physically Damaged Hard Drive

Posted in Crooks, IRS | Comments Off on Perjury is no reason to fire the head of the IRS…

Denial isn’t just a river in Africa…

Posted by taxguru on July 22, 2015

Another blatant example of why nobody can trust a word out of bHo’s mouth.

Obama defends IRS, says tea party targeting didn’t happen

Obama Outrageously Denies IRS Targeting Scandal on Daily Show, Nets Censor

GAO: ‘Americans Still Vulnerable to IRS Audits Over Personal Beliefs’

President punts on IRS – Boston Herald editorial

This once again proves that Lois Lerner and her accomplices have nothing to fear for their crimes.  In fact, they will most likely be given awards and bonuses for helping the Regime.

 

LernersMinions

Lois Lerner Used Instant-Messaging System Because It Didn’t Save Her Messages

Posted in Crooks, IRS, Obambi | Comments Off on Denial isn’t just a river in Africa…

Comparing Tax Burdens

Posted by taxguru on July 21, 2015

Tax Foundation has released an interesting study on the average tax rates paid by workers in various countries, including here in the USA.

A Comparison of the Tax Burden on Labor in the OECD

They are showing an average tax rate in the USA of 31.5%.  Being an average, there are obviously some folks paying less and many people paying much higher rates, especially when considering State taxes and the penalties on those earning over certain amounts designated by our Rulers (aka the “Evil Rich”).

Posted in TaxBurden, TaxRates | Comments Off on Comparing Tax Burdens

Being generous helps tax cheat avoid prison

Posted by taxguru on July 11, 2015

The judge in this case believed this convicted tax cheat was too generous to be sent to prison.

He did still have to pay a very large financial penalty for his overly aggressive tax evasion scheme, hiding money in Switzerland.

Appeals court affirms no prison time for Beanie Baby billionaire tax cheat
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Posted in Crooks | Comments Off on Being generous helps tax cheat avoid prison

King bHo’s full scale war against opponents

Posted by taxguru on July 8, 2015

Richard Nixon was a piker when it came to using governmental agencies to persecute and prosecute critics.  Judicial Watch has obtained some more proof of how widespread these actions have been.

Judicial Watch: New Documents Reveal DOJ, IRS, and FBI Plan to Seek Criminal Charges of Obama Opponents

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bHoConfesses2015-07-11
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Posted in Crooks, IRS, Obambi | Comments Off on King bHo’s full scale war against opponents

Posted by taxguru on July 3, 2015

IT boss ‘blown away’ that IRS backup tapes in Lerner case erased, watchdog says – It’s amazing that anyone could still possibly believe that the erasures were accidental.

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Posted in Crooks, IRS | Comments Off on

New Taxing Schemes

Posted by taxguru on July 3, 2015

Oregon launches program to tax drivers by the mile – Using Big Brother tracking devices to monitor every place we go. That can’t result in anything but more problems.

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The Windy City is enacting a 9 percent tax on streaming services. – Starting in the Socialist Utopia of Chicago, and soon to spread to others.

Posted in NewTaxLaws | Comments Off on New Taxing Schemes