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 […]
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 […]
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 […]
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.” […]
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 […]