Tax Guru-Ker$tetter Letter
Sunday, October 10, 2004
Social Security election fantasy
Taxing Capital Gains in the States - This reminds me of the way that has been available for decades for the President, as well as most Governors to reduce the effective capital gains tax rate, indexing the cost basis of assets for inflation.
If Arnold or any other governor who wishes to cut the tax burden and encourage investment in their states wants to, they could issue an executive order redefining cost basis of assets to be adjusted for increases in the cost of living. Opponents to this would have to formally pass legislation to specifically define cost basis as historical dollar amounts, with no inflation adjustment.
We shouldn't hold our breath waiting for this to happen. We all know how our Presidents have wimped out on this matter, starting with George H.W. Bush, and continuing with George W.
John Kerry isn't that business friendly - What DemonRat is nowadays?
John Kerry's class warfare: Wrong war, wrong enemy, wrong means - DemonRats don't know how to do anything else.
Wanna Bet? No Problem - Interesting look at gambling in the USA by Gail Buckner.
Trust Funds on Empty
Small Government Is So 1990s - The GOP's abandonment of this former plank of their platform is why there is still a strong need for the Libertarian Party.
Edwards for Tax Reform - More typical DemonRat tax hypocrisy. They use the loopholes, but condemn anyone else who does the same thing.