Tax Guru – Ker$tetter Letter

NBC Uses Military Families to Distort Tax Cut for Non-Taxpayers – Even with their fear over the growth of FoxNews, the leftist media outlets are not slowing down with their propaganda efforts on behalf of the DemonRats. 

Jury: Texas Man Must Forfeit $12M Lottery Winnings because he used drug proceeds to buy the lottery ticket.  There is just something very weird about this verdict.

Beware the pyramid party scheme

Proposition 13 25th Anniversary

Having lived through the fights surrounding the property tax revolution in the PRC, and its aftermath ever since it passed, this is an issue on which I try to stay as current as possible.  The lessons we all learned from the Proposition 13 battles can be applied to all tax jurisdictions around the country, as we tried a few years ago here in Arkansas.  As I said then, it was a true case of deja vu, with everyone predicting the end of the world if government were to ever be deprived of even one less penny in tax revenue.  Those arguments were used in the campaign against Proposition 13 in 1978, and we all know that the PRC is still in existence.     

The First Shot.  Proposition 13 is where the Reagan Revolution began.

Bill would allow local income tax. Backers say cities would benefit; foes say it skirts Prop. 13.

Editorial: Reform Proposition 13

Unexpected results. 25 years later, Prop. 13 still keenly felt

Editorial: Anniversary brings no joy

Jarvis troops still proud of ’78 feat

Taxpayer rights. Prop. 13, 25 years later

Proposition 13 still popular as it marks silver anniversary

Prop. 13 facing attacks at age 25

True Fiscal Discipline.  Congressional critics need a few lessons in economic reality.

The Bush tax-cuts have set the stock market on fire.

Democrats Pressure House GOP to Pass Child Tax Credit

Senate Approves Child Tax Credit in Lower Bracket – The Left’s Class Warfare rants are working to shame the GOP into converting the nonrefundable child credit into a refundable one. 

Iowa Touts Illegal Drug Stamp Tax – More on the unusual tax I discussed earlier.  I never received a response back from the Kansas tax authorities as to the amount of tax revenues actually received from people willing to declare themselves drug dealers.  According to this article, Iowa has received almost $4 million in taxes and penalties since 1990.  They mention how difficult this tax is to enforce and how futile it is trying to collect taxes from people who have had everything they own confiscated during their drug busts.

The state budget mess should be blamed on the states. – Out of control spending and assuming that the stock market would grow by 20% per year and generate huge capital gain taxes for eternity were stupid maneuvers by the State Rulers, as well as by those in power in DC. 

WELFARE IN THE TAX CODE – Giving people money back that they didn’t pay in is nothing more than income redistribution.