Tax Guru-Ker$tetter Letter
Sunday, November 30, 2003
Turkey-Time Tax Moves - Doing year-end tax planning is a hundred times more effective if you have all of your current year activity properly entered into QuickBooks. Otherwise, it's just a matter of shooting in the dark.
Time to Commit to Your Company's Retirement Plan
This measure will not strengthen Medicare - Written by one of the few GOP Senators with enough common sense to vote against this idiotic expansion of government control over health care.
Bush Now Directing Attention to Revamping Social Security - Any attempt to fix a system as fundamentally dishonest as SS is nothing more than our rulers' standard practice of rearranging the deck chairs on the Titanic.
Congress decides bigger is better: Tax breaks target big SUVs - I'm still amazed at how many people, including plenty of tax pros, think that the six thousand pound weight threshold for generous vehicle tax breaks is something new. As I have been saying for the past nineteen and a half years, this rule exempting vehicles weighing more than 6,000 pounds from all of the luxury vehicle tax limits was enacted back in 1984. It is obviously worth a lot more starting in 2003 because the Section 179 deduction was increased from $24,000 to $100,000 per year.
Luckily, recent attempts by busy-bodies in the US Senate to limit the vehicle portion of that deduction to just $25,000 have failed to make it past committee. I'm sure all of those jokers who voted for that penalty against buyers of SUVs are completely oblivious to the fact that their taxpayer funded limousines weigh far more than any SUVs normal people would buy.