Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on May 28, 2003

Bush Signs Tax Cut Bill



Bush expects tax cuts to fuel economy, campaign



Bush to sign tax cut he once belittled



Fix a Real Tax Problem – This bill does nothing to address the problems with the insane AMT.



Tax Cut an Empty Gesture to Cities



President Signs Tax Cut Package Into Law



UPDATE – Bush signs tax cut bill; Republicans promise more



Bush Signs Tax Cut Bill, Asserting It Will Revive Economy



Tax cutters now take aim on �sunsets�



The Tax-Cut Skeptics Back Home



Tax Cuts Revisited: A Benefit For All Americans



Liberals lose in federal poker





Your tax refund should arrive shortly – These advance refund checks are going to create another headache like the ones in 2001 for people with lousy records.  I had scores of clients who had no idea whether or not they had received their 2001 refund checks; so we had to guess when completing the 2001 1040s. At least half the time, they were wrong and IRS had to change the refunds or add more tax due.  That is just one of the reasons we are requiring everyone to have their finances on QuickBooks; so that I can look and find out whether or not tax refunds were received, as well as what estimated tax payments were made, another big problem with lousy records.   



Democratic Presidential Hopefuls Criticize Tax Cut – As if we need another reason to avoid the DemonRats.

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Posted by taxguru on May 28, 2003

Let’s hope Bush can make it very permanent and completely tax free on the next try.



 





 



This would do more good than just suing everyone over idiotic investments.



 



Something for those people who believe the left’s propaganda that IRS has been neutered.



 

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Posted by taxguru on May 28, 2003


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Posted by taxguru on May 28, 2003

This is what I visualize whenever I hear or read some bonehead claim that tax cuts cause deficits and only benefit the evil rich.



 

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Posted by taxguru on May 28, 2003

Class Warfare isn’t giving the DemonRats the same level of oomph that it used to.

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Posted by taxguru on May 28, 2003

Accounting Firms Attempt To Dispel the Cloud of Fraud – About a year ago, after the Enron collapse and disclosure of “creative accounting” by several large companies, the very definition of unreliable and untrustworthy in the punch lines of late night jokes was Arthur Andersen.  Luckily for the CPA profession, the definition of unreliable and untrustworthy has now become The New York Times and CNN.

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Posted by taxguru on May 27, 2003

The Tax Cut: Positioning for 2004




 

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Posted by taxguru on May 27, 2003

Marriage-Penalty Reform Still Has Long Way to Go



 

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Posted by taxguru on May 27, 2003


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Posted by taxguru on May 27, 2003

ABC Pushes Liberal Spin: Top 5% Get More Than Half of Tax Cut – It would really only be news if the Anti-American Broadcasting Company did otherwise.



Tax-dodging companies feed at federal trough



This ain’t the last tax cut we’re gonna see – Let’s hope they can make it part of each year’s annual budget legislation to have some reduction in tax rates.  High taxes didn’t happen overnight, so gradual and permanent reduction will take some time to accomplish.



FRIST VOWS MORE TAX CUTS AHEAD



Bigger Than You Think. The tax cut is not necessarily half of the president�s original proposal.



Dividend Hunt May Backfire on Investors – They are just another part of the equation for evaluating investments.

More Companies Find It’s Better to Go Private.  Regulatory scrutiny and high costs of being in the public market are driving many firms to consider a way out. – While it may seem prestigious to have your company’s stock traded on the exchanges, it adds a ton of costs and issues to the management process that make it an entirely different ball game.  For example, with a normal closely held business, you only have to keep in good standing with the IRS and your State tax agency.  When you have outside investors, you assume massive fiduciary responsibilities towards each one of them, plus you are limited in what you can say and do to an entirely new level.   



GOP in the PRC hints at softer stance on taxes.  Some say increases might be OK if Democrats agree to curb future spending.



L.A. Times Defends High Taxes In PRC – Typical leftist drivel.  Just because some taxes may be higher in other locales, we have no right to complain here.  That kind of idiotic reasoning is used constantly to defend high gas taxes by comparing prices in the USA with what they pay in Europe.  



With Wall Street on Defensive, Claims Against Brokers Surge – Although I’m sure there were plenty of cases of churning and other abuses by stockbrokers, this trend of suing over losses just seems too much like the new tactic of suing casinos for gambling losses.  As I have always said, playing the stock market is exactly like trying your luck in casinos and anyone who believes winning is guaranteed is stupid enough to deserve an expensive lesson or two on life’s realities.



Minimum of Understanding.  Wage floors are stealth jobs killers.  – Anyone with even the most basic grasp of supply and demand concepts should understand that raising mandatory minimum wages will result in fewer people being hired.  

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