Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
Please note that Kerry does not personally agree with every item included here; but passes them along for the benefit of the readers' understanding of the varied viewpoints on the issues being discussed.
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Tax Guru-Ker$tetter Letter
Thursday, October 10, 2002
Tug Of War
In typical political fashion, the campaign rhetoric is flying hot and heavy. There are people calling for more tax cuts, while others are calling for tax increases by stopping or rolling back the current phase-in of tax rate reductions. Illustrating the idiocy of our system, both sides actually claim to be solving the same problem of a slow economy with diametrically opposite solutions; tax cuts or tax hikes. I'm sure glad that medicine isn't as schizophrenic as political economics. One doctor would prescribe aspirin for a headache, while another would recommend a lobotomy.
When it all boils out, where will we be? In spite of calls like this to continue the momentum of tax cuts and to simplify the tax system, we will end up with no substantial change. SNAFU.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 10/10/2002 11:48:00 AM Send this post:
