The High Burden of State and Federal Capital Gains Tax Rates – Interesting study from the Tax Foundation. 

Hollywood asks California to cut taxes — for the film industry – And of course, they support high taxes for the rest of us.

Caddell Bombshell: GOP Establishment Wants the IRS to Go After the Tea Party – Why we won’t see the GOP do anything to stop BHO from using the IRS against the Tea Party. 

Calling Lois Lerner – NY Post wishing that she can at least be busted for lying to Congress.

If IRS doesn’t clean up its act, it will affect their ability to enforce the tax laws, as more people refuse to disclose facts on their returns that will be used against them. 

IRS scandal merely tip of iceberg of agency’s problems 

Way more than a smidgen: Voters say IRS corrupt – This poll has 64% saying IRS has been corrupt in its attacks on conservative groups. The other 36% were BHO Kool-Aid chuggers.

Michael Jackson estate embroiled in tax fight with IRS –  Another example of the abuses of this insane form of grave robbery known as the Estate Tax, which has its roots in the Communist Manifesto.  Asset valuation is very subjective, as the huge disparity in this case –  $7 million vs $1.125 billion –   proves.  Unfortunately, as in all tax matters in this country, the starting point is that anything the IRS says is considered to be gospel and anyone who wants to dispute it has to spend a ton of time and money in an almost impossible uphill battle to prove otherwise.  

House Republicans fighting Treasury Dept. effort to limit political activities of tax-exempt groups –  Who knows how successful they can be when the GOP leadership is unwilling to do anything about BHO’s flagrant abuses of his power. 

Rep. Dave Camp: 100 Percent of Groups Audited by IRS Were Conservative – No surprise to anyone who hasn’t drunk the BHO Kool-Aid. 

Vulnerable Dems want IRS to step up – It’s not just BHO using the IRS to stifle opponents. That supposedly impartial agency as become a very powerful and ruthless attack arm of the DemonRat Party. 

Gym memberships add Obamacare tax – The new taxes continue to pile up. 

IRS Commissioner Warns of ‘Extensive Wait Times’ for Phone Assistance – Another indicator that free tax advice is worth every penny. Remember that IRS has a huge conflict of interest when giving advice.  They want us all to pay in as as much as possible.  It has also long been the case that IRS does not stand behind any of their phone advice.  The safest approach is to work with a professional tax advisor who shares your goals of paying the least tax legally required.  That kind of advice is well worth the cost, and you can hold the advisor accountable. 

Rush is Right –  I’ve been catching up on recent podcasts of the Rush Limbaugh Show and he has been having some excellent analyses of our current situation, such as these.

BHO and his Fellow Travelers can literally buy votes by stealing money from the Evil Rich and giving it to easily swayed sheeple.

How Popular Could I Be If I Could Give Away Other People’s Money?

Obama Shows Us How to Give Away Other People’s Money and Soak in the Love

A Predictable GOP Fold on the Debt Limit –  This is one area where I have always disagreed with Rush.  He hammers the GOP leadership for not doing their constitutional duty by standing up to BHO’s illegal actions; but he refuses to accept the fact that only a third party, such as the Libertarian Party, will be able to ever do anything to slow the growth of Big Government.

Stalinist Lawlessness: Companies Must Swear to IRS They Didn’t Fire Employees Because of Obamacare – IRS is given even more power to micro-manage decisions by private sector businesses.

With his flagrant disregard for the US Constitution, I have long warned about the possibility of BHO ignoring the 22^nd  Amendment and running for a third term.  Since nobody in the GOP has the guts to stand up to a black DemonRat, he would get away with it and will most likely be able to buy more than enough votes to win.  There is already a growing push among the Dims and their allies in the media to nullify the entire Constitution as an antique relic of the past and no longer relevant to the modern world.  Rush takes this a little further and wonders if BHO will just call off the 2016 Presidential election altogether and stay in the White House as long as he wants to.  Nobody would dare kick first black president out of the White House.

How Far Can Obama Go?

Obama’s Lawlessness? Nobody Cares

Impeachable Offenses No Longer Matter

Every day, I receive emails from public relations people trying to interest me in doing articles on their clients’ books, products or services.  This recent one really missed the boat when she wrote to me twice to push the concept of pawning personal items to pay IRS.

Email 1:

Subject: Re: Alternative ways to pay taxes

Hi Kerry,

With tax season around the corner, many people may find themselves in a
position where they owe back more than they can afford. What they may
not realize, is that getting fast cash for the watches or jewelry you
have lying around is easier than you think.

Personal asset lender, borro, offers cash in less than 24 hours with no
credit checks. Might you be interested in speaking with Paul Aitken, CEO
of borro, about why individuals turn to them as an alternative during
tax season?

Best
Brittany
Brittany Kelly

Email 2:

Subject: Re: Alternative ways to pay taxes

Hi Kerry,

Just wanted to check and see if you’d be interested in speaking with
Paul Aitken, CEO of personal asset lender borro, about how individuals
are using their platform to pay their taxes.

Best!
Brittany
Brittany Kelly

My reply:

Brittany:

I’ll pass.  In fact, your angle of using pawn shop loans to pay off IRS debts is misguided.  It make no logical sense.

I checked out the website for borro.com and it appears to just be a web-based pawn shop, charging interest of three to four percent per month, plus additional setup fees of from three to five percent of the asset’s value.

When the IRS is only charging three percent interest per year on back taxes, why would anyone want to pay the 36% to 48% rate that your client charges?  In addition, IRS allows installment payment plans of up to six years, while borro’s loans are six months in duration.

Good luck.

Kerry Kerstetter

Need Business Checks Cheap?

Some excellent commentaries from Rush Limbaugh:

In Defense of the Working Rich

The Private Sector Makes What the Government Takes 

The IRS attacks are just one aspect of the use of government powers to stifle opposition to the BHO Regime.

Obama Eliminating Opposing Voices by Using Dictatorial Practices 

Leaning Right in Hollywood, Under a Lens

Obama Uses Government To Harass, Intimidate Foes 

Silicon Valley billionaire compares treatment of America’s rich to Nazi persecution of Jews – It’s actually not a bad comparison to the current drumbeat from the Left regarding income and wealth “inequality” as a means of justifying the confiscation of assets from those the BHO Regime considers to be evil rich.

Congressional inquiry on Christine O’Donnell tax records heats up, but truth may stay hidden – A reminder that anyone running against the Dims may have their confidential tax records exposed to the public.  IRS is a tool of the Big Government Left to protect against any reduction in their power.

How to Minimize Taxes When You Inherit an IRA – Some good ideas. As a minimum, consult with your own professional tax advisor ASAP.

New York Finds High Taxes Send State’s Wealthy Fleeing – An obvious consequence of raising tax rates.  Why the population of Florida continues to increase.

In Their Own Words: Lenin, Stalin, Obama, and Hillary – It’s hard to tell them apart.

Hillary or Karl –  Snopes.com verifies that Hitlary made those Marxist statements. 

Maryland Lawmakers Finally Consider Repealing So-Called ‘Rain Tax’ – Another illustration of how devious our rulers are in devising new ways to steal money from their subjects. There is nothing that they won’t try to tax.

Republican Party to vote for repeal of U.S. anti-tax dodging law – Regarding offshore accounts. Not a big issue for most people; but a good sign that some in the GOP are willing to oppose the DemonRats on anything.

Study: Most sponsors of minimum wage hike bill don’t pay interns – Just another example of the disconnect between those of us in the real world and our imperial rulers on the Planet Washington DC.

Higher-income Americans hit hardest by tax changes – For obvious reasons. The more you earn, the larger the target on your bank account.

Lawmakers Seek Investigation into DOJ’s Handling of IRS Investigation – From CCH 

14 IRS Audit Red Flags – An experienced tax professional can minimize the risk of any of these things actually triggering an audit. 

US tech firms make eleventh-hour attempt to halt tax avoidance reforms – Lobbying for tax breaks is big business all over the world. 

As Obama hammers ‘income inequality,’ gap grows under his presidency – Nothing new here.  The truth won’t stop him from spouting his tired old Marxist rhetoric to justify destroying the private sector and growing the size and control of government.

Spending bill bans IRS targeting – This sounds good, but means absolutely nothing in the real world.  If the BHO Regime wants to continue using the IRS to harass their opponents, nobody can stop them. 

Identity thieves gear up to steal your tax refund – Here’s where the private sector is competing with the IRS to take our money from us. From a practical sense, it is getting harder and harder to protect our identities, when we are required to give our SSNs to more people for 1099 and other government reporting purposes. 

 Will IRS bully people to sign up for Obamacare? – Well, that is what they are best at doing. 

Businesses Threatened By Raft Of New ObamaCare Taxes – Not by accident. Destroying the private sector has been Job One for the BHO Regime from Day One.

Sarah Palin’s father harassed by IRS six times since 2008 –  Coincidence?  Only a brain-dead moron (aka BHO supporter) could even pretend that is the case. Again, Richard Nixon was a piker when it came to abusing the power of his office compared to the current occupant.

The Latest IRS Political Crackdown –  As with any dictatorship, the BHO Regime is still using all government agencies, including the IRS, to stifle any opposition. 

Obama’s fingerprints all over IRS Tea Party scandal –  Only a complete moron would believe that the IRS attacks on opponents of the BHO Regime weren’t instigated by him. 

Harry Reid: ‘Everybody … Willing to Pay More’ Taxes – More proof that residents of DC are actually living in an alternative universe from the rest of us mere humans.

A black box in your car? Some see a source of tax revenue – Another dose of Big Brother, as our money hungry rulers want to add more taxes just for driving.  It’s not enough that we already pay taxes on our purchases at the pump.  Also, rather than just require vehicle owners to report their odometer readings each year to determine their mileage, they want to follow us with real time surveillance.

IRS workers turn to elite D.C. lawyers for defense –  Just like their fellow organized crime bosses do.

Treasury: Debt up $0 in August; CBO: But Deficit Was $146B –  Our rulers in DC have been cooking the books and using more phony accounting tricks than a hundred Enrons.  The big difference is that our rulers are treated as royalty and will never see the inside of a jail cell for the trillions they have plundered from the American people.

For anyone expecting something to be done in regard to the admitted IRS crimes, BHO tossed cold water on that by using his magic wand to declare all of the scandals as phony, including the deaths in Benghazi that he and Hitlery caused.  As always, our mainstream media have taken up this message and are continuing to cover up and lie about the IRS and other scandals.

Lew Defends Administration Handling of IRS Controversy –  The new guy is doing what BHO wants and continuing the cover-up.

Real Scandals Denied by a Phony President –  Arnold Ahlert

Are media buying into ‘phony scandal’ claim?  –  They obviously don’t believe the scandals are phony; but they are obeying their orders to promote that line as part of their job to prop up their messiah as infallible.

Lew Won’t Say Whether Chief Counsel Has Been Asked About IRS Scandal –  The new Treasury secretary does his part to cover things up.

Nothing ‘phony’ about O’s scandals –  Not to those of us who live in the real world instead of the Planet Washington DC.

Obama dismisses his phony scandals, but hails his phony recovery –  He has been endowed with the power to define reality was whatever he wants it to be.

Records of Christine O’Donnell tax snooping disappear –  Does anyone else remember when they used to say that the coverup was worse than the crime?

Did IRS appointee meet with Obama before new screening guidelines released? –  Do bears crap in the woods?

Lois Lerner’s Ace in the Hole –  Similar to other organized crime family members who try to cut deals to reduce their punishment.

From Brent Bozell, who has made a career out of analyzing the ever-growing liberal media bias in this country.

No Big Surprise: Biased Media Ignore Obama Scandals 

 

Insulating Obama From His Corrupt IRS

 

Will the IRS scandal implicate the White House? Let’s hope so. –  From the WSJ

IRS watchdog reviewing claims of improper audit of Tea Party farmer  

There Was Never Any IRS Scandal After All –  A good example of the kinds of lies the BHO ass-lickers in the media are putting out there.

Auditing the auditors…

Questions raised about IRS executive travel  

 

Report finds some high-level IRS executives have ‘extremely high’ travel expenses