Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for the ‘Uncategorized’ Category

Posted by taxguru on October 24, 2003

AmeriDebt To Layoff Most Of Their Workers – The scam’s up for one of the credit counseling fronts for the credit card companies.

Another Look at Retirement Savings

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Posted by taxguru on October 24, 2003

Implementing car tax cut would take 3 months. Time needed to make change, DMV warns – As always, our rulers have set things up so that it’s much easier to increase taxes than to reduce them.

46 tax ideas include hikes, cuts for Arizonans. Proposed reforms will affect nearly everyone– The Tax Game is the extreme example of trying to do things while the targets are constantly moving, at all levels of government.

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Posted by taxguru on October 22, 2003

Stars not feeling charitable toward fund-raiser – Ah, the benefits of great wealth. Big celebrities are just too busy to check out the people they give their money to; so they end up being ripped off.

Can the Dems Win on Taxes? – Unfortunately, hating the rich (defined as anyone with more than anyone else) is a very popular theme in this country. They’re as unpopular in our society as smokers, and thus easy targets. There is also no shortage of politicians willing to exploit this hatred.

What Alabama’s Low-Tax Mania Can Teach the Rest of the Country

Social Security: Where Do the Candidates Stand? – Anyone who is holding his breath waiting for any of our rulers to repair a system as structurally flawed as SS is a fool. There are plenty of very easy legal methods available, especially for the self employed, to avoid having to pour the thousands of dollars down the SS toilet that most people do. The sooner a person starts holding onto that money for himself, the larger the amount of wealth can be saved for future years.

Boomers Unprepared For Retirement – Defining exactly what constitutes being prepared for retirement is as subjective as the defnintions of poverty in this country. Most such studies base their conclusions on the amount of cash in an official retirement account (pension or IRA). I’ve even had clients tell me they are all worried because they don’t have any such cash accounts. I have to explain to them that their multiple business and real estate investments will be more than adequate to provide for their retirement years. I’ve seen it hundreds of times with real life people. They buy around one rental or investment property each year until they are about 60 or 65. They then sell off a property each year and carry back most of the sales price. The monthly payments they receive from those carryback notes are far and away much larger than anything they receive from the SSA. The notes are also tangible assets that can be sold for lump sums if needed. They can also be left to their heirs, something that is not possible with the Social Security Ponzi scheme.

Plan seeks to double Illinois state income tax on wealthy – And they expect those people to just sit back and let their bank accounts be drained by the tax vampires in Springfield. There are already some town here in Northern Arkansas that are referred to as “Little Chicago” due to all of the immigrants from Illinois. This kind of attack on the rich will just motivate more refugees.

Estate Debate. Taking the wealth of rich men is neither moral nor efficient. – Amen to that.

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Posted by taxguru on October 21, 2003

Senators to Probe Stories of Tax Shelter – There are plenty of very legal ways to minimize taxes. Many of the schemes cooked up and marketed by some of the big CPA firms were outright scams that wouldn’t even pass my smell test.

Phantom Tax Bills Finally Stop – The stupidity isn’t only with the county that was charging taxes on nonexistent property. It was also with the people who paid that bill for years. Think about it. What is the penalty for not paying property taxes? The property is sold at auction by the county. Let them try that with the imaginary property. They would have to find someone with even less intelligence to bid on non-existent real estate.

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Backwards Thinking

Posted by taxguru on October 20, 2003

Government makes up for lost revenue by borrowing – Typical leftist lies from the New York Slimes’ official Marxist economist on how the deficits are caused by the tax cuts and not by reckless out of control spending. If his idiotic advice to roll back the Bush tax cuts were to be implemented, it would compound the deficit problem by really reducing revenues.

A fact of life that the lefties refuse to acknowledge is that lower tax rates increase incentives for people to earn taxable income, resulting in higher dollars being sent to our rulers in DC. Higher tax rates create very real disincentives to show taxable income, resulting in fewer dollars for DC. A lie doesn’t become true just by continuing to say it. The Left’s persistence in trying to link tax rate cuts with budget deficits just shows how incapable they are of telling the truth about anything.

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Posted by taxguru on October 19, 2003

A tax revolt hits Buckeye State Republicans – This is a free non-subscriber link to the Wall Street Journal article I linked to earlier.

The Tax-Cut Expansion – This is why the DemonRats were so forcefully opposed to the cuts. Their only hope of success in the November 2004 elections is to continue their sabotaging of the economy. They love and do everything they can to perpetuate misery wherever possible.

Social Security to Increase Benefits – Recipients will be getting 2.1 percent more next year. As a continuation of the Ponzi M.O., the official eligibility age for starting to draw benefits will increase by two months, to 65 + 4 months of age.

Let 50 Recalls Bloom – Let’s see how the PRC’s plays out in terms of actual results before jumping to the conclusion that using recalls is more effective than just running good candidates during the normally scheduled elections.

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News From The Left Coast

Posted by taxguru on October 19, 2003


Budget auditor may target social services – This is a good sign; that the new regime in Sacramento is planning to address the spending side of the equation rather than doing what DemonRats instinctively do, and just raise taxes.

Why Arnold is unlikely to raise taxes and spending

Even Democrats are seeing the light about repealing the tripling of the car tax.

Get ready for higher fines, fees in state in ’04

Gov.-Elect May Seek a Cap on Spending

Huffington mired in campaign debt – Not that she’s asked for any advice from me; but if I were her tax consultant, I would recommend deducting all of her out of pocket campaign costs as promotional expenses since her only purpose was to generate future income from writing and speaking.

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Posted by taxguru on October 18, 2003

Deficits and tax cuts

Conan the Budget Cutter

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The DemonRats are typically out of touch with reality.

Posted by taxguru on October 18, 2003

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Posted by taxguru on October 18, 2003

Take Advantage of These Health-Related Tax Breaks

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