Tax Guru-Ker$tetter Letter

Thursday, August 08, 2002

Best Investment Possible

I have long explained that the most lucrative investment possible for a business is a political donation. For a mere $100,000 contribution (aka bribe) to one of our rulers in DC, s/he will gladly repay you with millions of dollars in tax breaks or government contracts. There is no higher rate of secure return possible anywhere. Similar rates of return are common practice with donations to State & local politicians.

This is how the game is played in DC as its power and scope continue to grow. It hasn't changed any under the control of the supposedly fiscally conservative GOP, who just funnel the same government largesse to their donors. It won't change a bit with the recently passed unconstitutional campaign finance reform measures.

What triggered this reminder of that fact of life is this story about a casino company that is in bankruptcy and is pleading to the bankruptcy court to allow it to continue paying out its political campaign contributions (bribes) as an essential business expense.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 8/08/2002 11:03:00 AM Send this post: