Tax Guru-Ker$tetter Letter

Tuesday, 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.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 5/27/2003 01:44:00 PM Send this post: