Tax Guru – Ker$tetter Letter

Report suggests taxing hybrids, billing drivers by mile to boost funds – Another look at how better gas mileage is affecting our rulers’ thirst for tax revenue.  Excellent quote from AutoBlog:

the federal government isn’t known for consistent taxation policy, so is it possible that hybrid owners could get hit with tax breaks and extra fees? It’d be criminally stupid, but somehow I don’t put it past our Washington crew.

 

There is still a very big marriage penalty in our income tax system.

Thanks to fellow Libertarian Neal Boortz for the heads-up on the conservative musical group, The Right Brothers.  I was browsing through their very interesting songs and came across one that is right up my alley, It’s My Money.

After checking out the lyrics and the sample excerpts they have on their website (the MP3 version sounded better to me than the WMA version), I paid them the 99 cents to download the full version of this country-flavored song with the sentiments many of us share.  With so much of the entertainment world filled with leftists, it’s actually encouraging to see some artists supporting the capitalist philosophy.

Following are the song’s lyrics from their website:

It’s My Money
Written by: Aaron Sain/Frank Highland
Lead vocals: Frank Highland

I pay the Fed tax and the FICA tax before I cash my check
And then the sales tax and this and that tax get most of what?s left
They’re taxing me to death and it’s my money
They say the wheel tax and the property tax are going up again
I don’t like that I’m gonna fight that every way I can
They spend it like it’s theirs, they’ve got to understand

Chorus
It’s my money, it belongs to me
It’s mine, I made it
It’s as simple as it can be
Enough’s enough how much more do you need
It’s my money

I wanna earn some and spend some on my family
I wanna save some and give some to those in need
I wanna do what I please with my money
I wanna risk some and invest some up on Wall Street
I’d like to blow some just to have fun occasionally
And maybe I could if they wouldn’t take so much from me

Repeat Chorus

If it was up to them well I think they’d take every dime we make
They don’t wanna hear it, but they’re gonna hear it
When we all stand up and say

Repeat Chorus 2X

It’s My Money

© 2005 Curbcourt Music (ASCAP) Pool Guy Music (ASCAP) / All Rights Reserved / International Copyright Secured

 

The Real Benefit of Dollar-Cost Averaging

Congressional Republicans make French socialists look like Ronald Reagan

IRS Announces 2006 Standard Mileage Rates

 Beginning Jan. 1, 2006, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be:

• 44.5 cents per mile for business miles driven;
• 18 cents per mile driven for medical or moving purposes; and
• 14 cents per mile driven in service of charitable organizations, other than activities related to Hurricane Katrina relief.

The new rate for business miles compares to a rate of 40.5 cents per mile for the first eight months of 2005. In September, the IRS made a special one-time adjustment for the last four months of 2005, raising the rate for business miles to 48.5 cents per mile in response to a sharp increase in gas prices, which topped $3 a gallon.

 

 

Within the Cranium passes along this Random Chuck Norris fact:

When Chuck Norris sends in his taxes, he sends blank forms and includes only a picture of himself, crouched and ready to attack. Chuck Norris has not had to pay taxes ever.

While the Enron and other creative accounting scandals have lowered our profession’s reputation with the public, at 39% we are still far ahead of lower forms of life, such as the 16% given to stockbrokers, Senators and Congressmen, according to this Gallup poll, as posted by Andy Roth at Club for Growth.  Telemarketers, at just 7%, win the prize for least respected; a good call. 

Media Myths: The Housing Bubble is Bursting  –  The media love gloom and doom stories of suffering and have been pushing this myth for a long time now.

Auditor: Volunteers make errors on taxes – While I got my start in tax preparation with the IRS’s VITA program back in 1975, I would be the first to admit that you get what you pay for.