Tax Guru-Ker$tetter Letter

Saturday, April 16, 2005

States yearn to collect online sales taxes – The more money that changes hands via internet transactions, the more tempted our rulers will be to take their cut of the action.

Income Redistribution Day 2005 – Excellent look at the history of the unrestrained growth in taxation in the USA, often in direct violation of the Constitution, which nobody in power cares about any more. This quote from John F. Kennedy shows how far left the DemonRat Party has evolved in the past four decades. JFK was more supportive of capitalism than are most current day Republicans.

Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased -- not a reduced -- flow of revenues to the federal government. ... The present tax codes ... inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 4/16/2005 11:56:00 AM Send this post: