How Many Ways Can You Tax the Rich? – The most politically correct target for fiscal rape continues to be the evil rich. Exploiting class envy never goes out of style with leftists.
IRS hires “hundreds” for new wealth unit – The infrastructure is being expanded for nailing those evil rich folks who have to carry most of the tax load in this country.
Last week’s episode of Nip/Tuck had an encounter between one of the plastic surgeons and an IRS auditor unlike any I have have ever seen or heard of. It’s wacky enough to amuse taxpayers, tax pros, and IRS employees.
Click here if the embedded player doesn’t work for you.
If the future plans for a business include taking it public or bringing in venture capitalist funding, those will materially affect the most appropriate entity to use, usually ruling out an S corp, as I discuss in this vidcast.
Posted in corp, video | Comments Off on Think ahead when setting up corp
Life insurers lobby to save the death tax – Another example of “follow the money.” As if the insurance companies don’t already have enough bad press. They are openly supporting the Marxist grave robbery as a means of making money selling insurance policies to offset those same taxes.
Does anyone else long for the time when our elected officials were considered servants of the people, working for the public’s best interest? What we have obviously evolved into is the opposite situation. The elected elite have become unaccountable royalty and we are their slaves in more and more ways every day.
2010 estate tax may go from 0 to 45 percent – You had to know that the tax free year wasn’t safe from attack by our money starved rulers in DC. They simply can’t resist the urge to raise taxes on the “evil rich.”
For them, promises are meant to be broken and they have no qualms about backing off of lower tax promises. As I have been warning since the inception of Roth IRAs, I wouldn’t be surprised to see their tax free status removed for those considered by our rulers to be evil rich.
Posted in Uncategorized | Comments Off on Another broken promise…
Tax Guru - Ker$tetter Letter 