Tax Guru-Ker$tetter Letter

Saturday, November 15, 2003

Tax refunds expected to jump 27% - Those refund checks should give Bush a big boost in popularity and counter the DemonRats' rants that the tax cuts need to be repealed.

Restraining federal spending - He agrees with my contention that term limits are required to prevent ever more of these unaccountable spending sprees.

Passing down wealth - It's good to see that more people are spending their kids' inheritances. That's how I've always believed it should be.

Bush Is Said to Weigh Changes to the Tax Code - Exempting investment income from taxation makes perfect sense from a capitalist free market perspective. However, in the real world of "Hate the Rich" that is so pervasive in our society, it will be a very tough sell. The most likely scenario is an exemption just for those people whose income falls below some arbitrary level, as is done with dozens of other tax breaks.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 11/15/2003 08:36:00 PM Send this post: