Tax Guru-Ker$tetter Letter
Thursday, April 22, 2004
When Would the President's Tax Cuts Expire? - If our rulers in DC don't get off their butts and make the tax cuts permanent, everyone will be facing huge tax increases very soon. This is why, a few months ago, I added a link to my blogroll on the right side of this page to the impending tax increases we are all facing.
Adam Smith's Principles of a Proper Tax System - I've always admired the "invisible hand" concepts in his book, "Wealth of Nations."
FTB double-dips into taxpayers' accounts - I have always been against electronic filing of tax returns because of the inability to properly explain the info on the returns and thus avoid audits and other problems. This snafu in the PRC shows another danger to e-filing.
Pat Boone Fights the Death Tax - We all need to exert more pressure on our rulers to permanently eliminate this evil confiscation.
Giving by Affluent Is Less Generous On Basis of Assets - This is an interesting idea; to compare charitable donations as a percentage of a person's net worth versus as a percentage of annual income. I do have serious doubts as to the results because, as they admit, the people doing these calculations, New Tithing Group, had to use a lot of SWAGs *Scientific Wild Ass Guesses) for net worth figures. IRS statistics on income and donations are anonymous and grouped together; so it's not even possible to match them up with specific people for whom net worth figures may be available. Even there, as with the annual Forbes list of the wealthiest people, a lot of SWAGs are used.
Here are direct links to New Tithing's research report and their press release.