“Bling Bling” Not Deductible, Says IRS

Anyone who lists the costs of purchasing or maintaining bling-bling as a tax deduction might as well write “Audit Me Please” in big red letters on their tax returns.

Ten Ways Income Taxes Violate Civil Liberties – As I’ve long said, the fastest way a President could restore some faith in our tax system would be to issue an executive order removing the IRS’s power to ignore all of the constitutional protections that we have under the normal criminal system of law and force them to treat citizens with the same level of respect as mass murderers have, which is much more than taxpayers receive. It’s always been a travesty that killers such as O J Simpson are afforded more rights and protections than someone who makes a tax mistake.

This is not the way our rulers see things. According to their logic, we are blessed by every dollar of income that they deem to allow us to keep and we should be eternally grateful for their benevolence.

Iowa House advances citizen tax-vote measure – Letting voters have some power over large tax increases – what a concept.

The analysis of John Kerry’s income tax return by Texas CPA Bob McCombs has achieved a quick response from the John Kerry gang.

John Kerry Files Amended Tax Return, Pays More

Whoops! John Kerry antes up $12G

Millions of Americans Don’t Pay Federal Taxes – Another look at the people who drop off the tax rolls at the bottom end of the income spectrum.

Why do average Americans seem to favor policies that reward the wealthy? – The tone of this article is the same disgusting “hate the rich” class envy that permeates much of our society and most of the media. They want us to all believe that it’s inherently wrong for the people who actually pay the most taxes to receive the largest amount of savings from tax cuts. Of course, this shouldn’t be a surprise from a communistic group such as this, that feels it is wrong for anyone to have any more than anyone else.

Texas CPA Claims John Kerry Owes Extra $12,000 in Capital Gains Tax – There appears to be an error in how JFK or his tax preparer reported the gain on the sale of a collectible, which has a higher tax rate than other kinds of capital gains. Interesting analysis by Bob McCombs.