
Archive for the ‘Uncategorized’ Category
Posted by taxguru on June 23, 2003
Bush Cites the Cost Of Tax-Cut Repeal – The evil DemonRats are still trying to roll back the cuts that have already passed.
If deficit hawks were serious, they’d curb spending
Tax Amnesty — A Win-Win for Everybody – This idea comes up every ten years or so. It’s a tough sell to people who have been paying their taxes all along. Of course, it does seem to be a trend to reward lawbreakers who can go long enough without being caught, such as the millions of illegal immigrants that are most likely going to be awarded citizenship in the near future.
Finishing Off the Death Tax – The Marxist class warriors will do everything they can to prevent this from happening.
Australians pay too much in tax, report finds – Very similar to the situation we have here in the USA. Tax rules are so complicated that most people end up paying more than they should be.
Dotcom exiles turn up at new charities – Putting their experience to good use.
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Just Following Orders
Posted by taxguru on June 23, 2003
The WSJ has a very interesting story of a corporate accountant with WorldCom who made the entries, under orders of her bosses, to artificially inflate the book income. Even though the idea to do this wasn’t hers, she will be doing some prison time for just following orders.
It is definitely a tough spot for middle and low level employees to resist pressures to do illegal things. I saw a lot of this during my time as a internal auditor, investigating various fraudulent activities. If reporting these illegal things to the corporate audit committee or Internal Audit department doesn’t do any good, the only smart move is to quit. When the house of cards collapses, you can be fairly certain that the top dogs will have stashed enough away to take care of themselves and will leave their underlings hung out to dry.
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Posted by taxguru on June 22, 2003
Link Between Death, Taxes Ending – Hopefully, this will come true, if it can make it through the Senate, which is still mostly controlled by RINOs and DemonRats; so it will be a very tough fight.
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Posted by taxguru on June 22, 2003
Boast of Refusal to Pay Taxes Leads to 27-Count Indictment – Maybe the Feds are finally cracking down on the idiots who claim taxes are voluntary.
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Posted by taxguru on June 22, 2003
Support for tax cut lukewarm at best – This is another obviously slanted poll, with questions such as “Do you think it’s fair that Bill Gates has his taxes cut while poor little school children are starving in the streets?” The liberals should be ashamed of themselves for their lies trying to connect every penny of taxes saved by anyone as coming out of the mouths of starving little babies. Of course, the libs have proven on so many occasions (especially with their worship of the Clintons) that they don’t understand the entire concept of shame.
Taxpayers still like Proposition 13’s protections – But the balance of power is continuing to shift, as those who benefit the most from it die off.
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PRC Car Tax
Posted by taxguru on June 21, 2003
It sure looks like the Governor of the PRC (often referred to as Gray-Out Doofus) is either a complete idiot or is not in the least worried about the current recall effort. He may even have a political suicide wish and want to go out in a blaze of “glory.” how else can you explain his recent decision to triple the license fees on vehicles? Everyone knows that Californians love their cars and many people have several.
The car tax is actually a property tax based on the book value of each vehicle. They are expecting this increase to cost an average of $158 per vehicle more per year, for an expected total take of $4 billion from those people who decide to stay in the PRC and not drive them to lower tax states. The new higher rates are scheduled to take effect on October 1 of this year.
As can be expected, this is receiving a lot of coverage around the PRC. Thanks to the CalNews.com website for actually locating all of these articles.
Orange County Register – on how businesses with a lot of vehicles will be hurt hard by this tripling of the license fees.
It’s just too bad that Arnold Schwarzenegger isn’t serious about taking part in the recall election against Doofus and is only using such speculation as a publicity gimmick for his upcoming Terminator 3 movie.
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Posted by taxguru on June 20, 2003
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