Tax Guru-Ker$tetter Letter

Monday, May 05, 2003

Phase-In Fallacies - Bush & Co. need stimulus now, not post-election.

As I've always said, tax breaks that are phased in over several years are even more idiotic than most everything else that our rulers do to meddle with our lives. It's also very counter-productive. If the dividend exclusion is phased in over several years, that will just motivate companies to hold off payments until the later years. What is needed to stimulate the economy is immediate payment of dividends, not five years from now.

This is just more overt economic sabotage by the DemonRats, who need as much misery as possible in order to take back control of the government. Their hypocrisy on this is so blatant that we can only hope that more people can see through it. They don't miss any chance to slam Bush for the drop in the stock market and the size of many retirement accounts that were invested in stocks. [For example, their idiotic joke that 401Ks are now 201Ks] However, any effort by Bush to improve the stock market, which tax free dividends will do in a big way, is blocked by those same critics.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 5/05/2003 12:10:00 PM Send this post: