Archive for the ‘comix’ Category
Cooking license?
Posted by taxguru on November 24, 2007
Posted in Accounting, comix | Comments Off on Cooking license?
Florida as tax home…
Posted by taxguru on November 19, 2007
People of all income levels have moved from high tax states to tax free states, such as Florida and Nevada. Often, they’re shocked to see that their overall tax burden is still more than they would like due to much higher sales and property tax rates in those states with no income tax.
As I constantly warn people when planning such a strategy, income from services rendered and property owned inside states with income taxes will still require paying those states their share. This applies to everyone, but is more dramatic with the big money earners, such as professional entertainers and athletes. Rush Limbaugh always mentions how much he has to pay in New York taxes when he broadcasts from his studio there instead of from his main home base in Florida.
There is currently a high profile case with baseball player Derek Jeter that is getting some press.
(Click on image for full size)
Posted in comix, StateTaxes | Comments Off on Florida as tax home…
Other kinds of employees?
Posted by taxguru on November 18, 2007
Posted in comix, Employees | Comments Off on Other kinds of employees?
Insurance companies love the death tax…
Posted by taxguru on November 16, 2007
Many people wonder why supposed capitalists, such as Warren Buffett, are fighting so hard against the attempts to repeal the Estate (aka Death, Inheritance) tax. It isn’t just their obvious love of Marxism; but good old fashioned personal greed. Insurance companies, such as those owned by Mr. Buffett, make a fortune by selling policies to cover estate taxes. No more estate taxes would dry that cash cow up in a hurry.
There is some good coverage of this topic on National Review Online:
Thanks to David Freddoso at The Corner for this info.
Posted in comix, DeathTax | Comments Off on Insurance companies love the death tax…
Mugged by the Insane AMT…
Posted by taxguru on November 15, 2007
Posted in AMT, comix | Comments Off on Mugged by the Insane AMT…
Tax Guru - Ker$tetter Letter 