Tax Guru – Ker$tetter Letter

Property taxes back to cities? Schwarzenegger’s plan to account for lack of vehicle fees

Auto buyers stall, wait for fee cut. Dealers eager for Schwarzenegger to keep promise – Nothing freezes economic activity more than uncertainty and the promise of lower prices in the future. Arnold had better act quickly on repealing the car tax or the already terrible financial situation will just get worse, with no sales tax revenue from car sales.

And In DC

Senate Debate Due on Internet Tax Bill

Renewal expected on ban of Internet access taxes

Sen. Roberts must take charge – It’s not just backbones that the GOP in DC are lacking. It’s long seemed that the gutless wonders in the GOP, who are afraid to play hardball with the DemonRats, need to get some replacements for the body parts they are missing.

It wasn’t a case of the DemonRats saying the wrong thing. They knew perfectly well that tax cuts would stimulate the economy and they had to do everything in their power to prevent that, including their standard practice of lying and scaring people. Their only chance of recapturing the White House has been to continue sabotaging the economy and then blaming it on Bush.

In classic “Do as we say, not as we do,” a flat tax rate is good enough for Russia and Iraq; but not the USA.

The people who run QuickBooks are planning to promote a “New Business Starter Kit” that will include a free hour of consultation with a QuickBooks Pro Advisor. I have declined their offer to take part in this program because I have far too much work to do for paying clients to be able to do any work for free. Anyone considering using our services has plenty of opportunity to get a feel for our approach and experience by checking out the ever growing volume of free info on our web sites. Wasting an hour of my time chit-chatting with people who can’t figure out our expertise from the websites just isn’t going to happen.

None of these scandals should be surprising to anyone who understands how Wall Street works. They are part of the reason I have never been a big fan of investing in the stock market. There are very few people with enough financial clout to not be among the masses lined up for slaughter by the wolves and vultures who control the markets.

Unfortunately, financial ignorance is so pervasive that too many people had the false impression that mutual funds are different than the stock market. I constantly have to explain that mutual funds are just a basket full of stocks as selected by professional traders who are compensated for their efforts. To be surprised that those managers have been milking the system for their own benefit is naivete at the highest level.

Relying on the government for your security (social or financial) is a recipe for disappointment.

Dem-onomics. On economics, the Democratic presidential candidates are far to the left of Clinton. – You know we’re circling the drain when Marxists like the Clintons are considered to be moderate.

A perfect illustration of how our rulers see their function in life.

Why doesn’t it surprise me to think that the same doofus who claimed to have invented the Internet would want to exploit the web for his even bigger love, money for big government?