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| From Blog Comix |
If only this would come true…
Posted by taxguru on September 19, 2011
Posted in comix, TaxHikes | Comments Off on If only this would come true…
A depressing trend…
Posted by taxguru on September 19, 2011
Courtesy of Heritage Foundation:
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| From Tax Info |
Of course, from a more selfish mercenary perspective, these upcoming tax hikes guarantee a never ending supply of new work for those of us in the profession of assisting clients legally minimize their taxes.
Posted in TaxBurden, TaxHikes | Comments Off on A depressing trend…
The truth about “Soak the Rich” tax policy…
Posted by taxguru on September 18, 2011
Obama’s Folly: Why Taxing the Rich Is No Solution
Fact check: The wealthy already pay more taxes
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| From Blog Comix |
A Tax on Excess Wealth Creation
Obama’s Recipe for Tax Disaster
You Can’t Tax the Rich. They’ll flee the country before you can. – Thomas Sowell has another refresher course on the real world results of hiking up tax rates. Lower tax rates actually result in more money for the government because high income individuals don’t see as much need to pay people like me to help them legally avoid taxes.
Posted in SoakTheRich, TaxHikes | Comments Off on The truth about “Soak the Rich” tax policy…
More Warren Buffett hypocrisy…
Posted by taxguru on September 16, 2011
From today’s episode of NewsBusted:
Obama to Propose ‘Buffett Rule’ for Millionaires – What an achievement. Warren Buffett must be so proud that his name has become synonymous with Marxism.
Paying more tax will get us nowhere very fast – From England, with the following great quote, as mentioned by Jay Nordlinger.
…the effect will be as a duck farting in thunder.
Posted in Buffet, video | Comments Off on More Warren Buffett hypocrisy…
Increasing taxes on an activity reduces the amount of that activity…
Posted by taxguru on September 15, 2011
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| From Blog Comix |
Posted in comix, TaxHikes | Comments Off on Increasing taxes on an activity reduces the amount of that activity…
More on the biggest Ponzi Scheme in history…
Posted by taxguru on September 14, 2011
The ‘Ponzi’ Sound Bite. Rick Perry’s critics don’t know how to save Social Security. – From Thomas Sowell
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| From Blog Comix |
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| From Blog Comix |
Is Perry wimping out?
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| From Blog Comix |
The terms of the Social Security plan are always subject to drastic changes (and not for the better) by our corrupt rulers in DC. Any private sector investment firm that made such drastic retroactive modifications to a retirement plan would be sued out of existence and its managers thrown into prison.
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| From Blog Comix |
Some interesting background history of Social Security:
Posted in comix, SSA | Comments Off on More on the biggest Ponzi Scheme in history…
0Bambi’s Typical Tax Policy…
Posted by taxguru on September 13, 2011
Posted in comix, TaxHikes | Comments Off on 0Bambi’s Typical Tax Policy…
2010 Estate Tax Returns
Posted by taxguru on September 13, 2011
It’s an understatement to say that the entire issue of estate tax returns for people who passed away in 2010 is a confusing mess. IRS is even more confused and behind than anyone, so they just issued this news release.
Form 8939, to reflect carryover basis info, isn’t even available yet; but it’s now due to IRS by 1/17/2012 instead of the previously announced deadline of 11/15/2011.
Form 706 and its instructions were finally published last week, on 9/8/2011.
IRS Notice 2011–76 has more details.
Luckily, the estate tax for 2010 decedents only applies to estates of over $5,000,000, so it won’t affect most people, including our clients who passed away last year.
Posted in Estates | Comments Off on 2010 Estate Tax Returns
Tax Guru - Ker$tetter Letter 