Taxes

Does the government need you to pay more tax?

Next time the government says, “We’re running out of money!  We need to raise taxes!”  remember this story … “Dave, you’re gonna hate it there.”  Said my next door neighbor Fred.  “I worked there for 3 years and hated it.  You think the red tape here is bad; wait till you see what it’s like […]

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A sure fire way to make income tax simple, fair and get everyone to comply!

Income tax reform is a cinch.  Make it fair; keep it simple; get people to comply. I’ve got the answer.  It’s been right in front of us all the time.  It’s not complicated; it’s extremely simple.  A four year old could work it out.  So, I’m not sure why the average Joe citizen hasn’t said […]

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Why is business income much more powerful than JOB Income?

Business income is much more powerful than job income.    You may disagree.  You may say, “Get lost, income is income; doesn’t matter where it comes from!” But, you’re wrong.  Unfortunately, it does matter. I personally think it shouldn’t matter, but just because I think so doesn’t make it so. So, how can one type […]

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How is income tax like stolen furniture?

Nice Furniture.  Where’d you steal it from? The income tax reminds me of a story. Many years ago, when I was a young lieutenant in the United States Air Force stationed in Denver, Colorado, a security policeman told me how he got into big trouble with the First Sergeant for being involved with “stolen furniture.” […]

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Can you say “negative gearing?”

Negative gearing.  It’s back on the discussion table.  It’s a contentious subject.  Some people want it; other’s don’t. I would hazzard a guess that the two camps fall this way. WANT IT:  Anyone who has an investment property and mitigates the weekly rental shortfall through the negative gearing tax law. DON’T WANT IT:  Anyone who […]

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