Posted by taxguru on August 3, 2012
Facebook Stock Crash Hoses California’s Tax Revenue – In the Bizarro world of government, they love to “balance” their budgets with completely unrealistic overly optimistic assumptions about the size of revenues. That’s how the Clinton gang conjured up an imaginary budget surplus for his last year. They assumed the stock market would continue to grow at 20% per year, when in actuality, it crashed.
Governor Moonbeam has already said that his “balanced” budget is contingent on the assumption that voters will approve two large tax increases in November. Has a betting pool been set up to predict when the PRC declares bankruptcy?
Republicans grill IRS commissioner on health care – The fun and games with ObamaCare are just beginning. If it’s not repealed, those of us in the tax profession will have to become ensnared in its thousands of pages of rules and regulations, even though none of us had any desire to go to medical school.
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Posted by taxguru on August 2, 2012
Tax Scam: IRS Pays Out Billions in Fraudulent Refunds – It’s obvious that IRS spends more time harassing innocent taxpayers over ridiculous matters than they do setting up controls to prevent such blatant fraud by criminals who can so easily game the system to con IRS.
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Posted by taxguru on August 1, 2012
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Posted by taxguru on August 1, 2012
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Posted by taxguru on July 31, 2012
House to Vote on Whether or Not to Fire Federal Workers Who Are Tax Delinquent – This makes too much sense to ever become law in the backwards world of DC. Besides, it would wipe out much of the pResident’s staff and cabinet.
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Posted by taxguru on July 30, 2012
Funny parody of the “You Didn’t Build That” issue from Iowahawk, including this passage:
“I will make your taxes and regulations very severe;
with painful labor you will give birth to profit.
You shall be afflicted with plagues of audits,
the coming of Osha, and the trials of Irs.
By the sweat of thy brow you will earn thy living
until you return it to Me.
You will suffer the droughts of subsidy and stimulus,
and will thirst forever. You’re welcome.”
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Posted by taxguru on July 30, 2012
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Posted by taxguru on July 30, 2012
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Posted by taxguru on July 30, 2012
A Mid-Year Look at the Coming Tax Mess – Year-end tax planning is going to be a mess, especially if the Bush rates aren’t extended.
Even if Romney wins, will he push for a retroactive extension of those rates when he takes office? One of the first things Clinton & Gore did in 1993 was retroactively raise everyone’s taxes.
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Posted by taxguru on July 29, 2012
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Tax Guru - Ker$tetter Letter 