Tax Guru-Ker$tetter Letter

Monday, July 21, 2003

Out of Balance. Bush's next challenge is to get spending under control.

Campaign Donations Sway Lawmakers' Vote - As I've long said, the highest potential earning investment with the lowest risk is campaign contributions (aka bribes) to our rulers. While the first gut reaction is to consider the donors to be the bad guys here, that's not how I see it. The problem is that our government has grown so large and so involved in too many aspects of our lives that our rulers have influence over areas that our founding fathers never envisioned. If our government were scaled back to only what it is constitutionally allowed to do, there would be no need to give money to our rulers to buy favors.

Bush sees tax cuts spurring job creation - We'll have to see if this happens. However, the quadrupled Section 179 deduction (to $100,000 per year) is a very big incentive to buy new business equipment. I know that a lot of people are checking the weights of new vehicles more closely than ever to make sure they are over the 6,000 pound threshold that makes them eligible for the full Section 179 expense.

Teen says he learned how to print fake money in magazine - It may seem to be nit-picking, but there really is a difference between "making" money and earning money.

Labels: 179

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 7/21/2003 01:18:00 PM Send this post: