Tax Guru-Ker$tetter Letter

Wednesday, July 03, 2002

Phony Figures

As I have explained on so many occasions, the numbers that are used by the media and our rulers in DC when discussing taxes and the Federal budget are treated as gospel; when in fact, they are completely fabricated using phony assumptions and other techniques that make Arthur Andersen's tricks pale in comparison.

Here, Bruce Bartlett shows how such phony numbers have been used in the current discussion of the cost to the Feds of a permanent repeal of the estate tax.

It's very revealing of the mindset of those in power that any portion of our own wealth that we are allowed to retain is considered to be a cost to the government. The implication of that is no different than in communist countries, where they are just slightly less subtle about the fact that everything belongs to the omnipotent central government.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 7/03/2002 09:51:00 PM Send this post: