Tax Guru – Ker$tetter Letter

Stupidity On Both Coasts

Proving that the Left Coast doesn’t have a monopoly on idiotic tax policy, New York City’s RINO Mayor Bloomberg is suggesting that raising tax rates is under serious consideration. As this short article on Bloomberg’s hypocrisy mentions, such a practice of raising tax rates to combat a recession will result in a type of financial death spiral. Tax revenues will drop due to changes in behavior. This will lead the geniuses in power to reflexively raise rates again, compounding the problem even further. It’s too bad Rudy Giuliani wasn’t able to groom a successor who could continue his conservative policies.

KMK

Debunking Lies

This is a good summary of the truth behind a lot of the lies being told by the liberals, blaming the current economic problems and Federal deficit on the Bush tax cuts. As with just about everything said by the Left nowadays, it is all a bunch of B.S. In their twisted minds, their hatred of Bush justifies a total disregard for the truth. As always, the mainstream media continue to use these same tactics as part of their agenda to demonize Bush and canonize the Clintons.

KMK

Chasing the Ambulance Chasers

Per my earlier comments re: sleazy lawyers running ads to encourage frivolous lawsuits:

With Friends Like These…

Although the people at the Post Office claim to be independent from the Federal government, they really aren’t. They are a quasi-governmental unit with monopoly powers that are blatantly illegal in the private sector. With their constant whining about losing money and raising their rates every six months, you would think that the various Federal agencies would help support each other. That is why I have always felt it strange that the IRS chooses to use other delivery services for its shipments. Back in the days before CD-ROMs and the Web, I used to order blank forms in bulk from IRS. They would always be shipped via UPS.

Last week, I ordered some free small business CD-ROMs from the IRS website and they arrived this morning via FedEx. My guess is that, just as before, the IRS doesn’t trust the USPS. Next time the Post Office bigwigs demand a rate increase, why can’t our rulers see that more Federal agencies use their service? It’s not like their standards are that high (close enough for government work, etc).

KMK

Can’t Afford It

Isn’t it interesting how our rulers in DC can never afford to let any of their subjects keep more of their own money (aka reduce taxes); but they sure can always afford to add new programs and spending plans to the Federal budget?

KMK

Plenty Of Crooks Left

While the country will most likely be better off with that slimy crooked Senator from the Sopranos’ home state bowing out, there are still hundreds of outright thieving skunks still on the ballots this November. That’s why it’s important to constantly remind everyone of how their accounting tricks in DC make anything even the most corrupt corporate CEO’s have done pale in comparison. While the most corporate accountants can fudge is in the millions or possibly billions, our rulers in DC have routinely played fast and loose with trillions of our dollars. When will any of them be paraded in front of cameras in handcuffs for their accounting frauds? Don’t hold your breath waiting for that to happen.

KMK

QuickFinders

For about the twentieth year in a row, I just ordered my 2003 editions of the QuickFinder books. They should be shipped out in mid-December. As I have discussed before, these are the absolute handiest reference books for anyone in the tax business. I refer to them several times each day. I’ve even decided to give the CD-ROM a try this year.

KMK