Tax Guru-Ker$tetter Letter

Wednesday, October 23, 2002

Tax Cuts For The Rich

I happened to hear Rush's show today, when a woman called in who claimed to work in a tax accountant's office. Her explicit envy of the rich and espousal of Democrat talking points made me wonder if she is Dick Gephardt's accountant. She even said that rich people are lucky, echoing Little Dick's oft-used description of the wealthy as "winners of life's lottery."

Her call reinforces how important it is to select a tax advisor who is in synch with your ideas about taxes. It never ceases to amaze me how many other tax practitioners actually think their clients should be paying more in taxes, as this woman admitted on national radio. Somehow, paying this woman's firm to prepare a tax return giving more money to the IRS doesn't seem quite right.

Rush has some good details from IRS on how the rich in fact pay much more than their fair share in taxes. By definition, any reduction in taxes would have to benefit those people who actually pay taxes in the first place.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 10/23/2002 07:51:00 PM Send this post: