Tuesday June 18 2013 The Texas Comptroller has announced the Sales Tax Holiday is moved back a week. Notice the emphasis this gets. Now if repealing sales taxes for a few days stimulates, sales, imagine how much a general tax reduction would increase sales!  Why not less government, less taxes, more sales?  Hello Milton Friedman…

Monday June 3 2013 Republican lawmakers briefed on the report on conference spending released details from select portions, highlighting a $4 million gathering for 2,600 managers at three hotels in Anaheim, Calif., in August 2010. Several IRS employees stayed in presidential suites, the House Oversight and Government Reform Committee said. About 15 outside speakers were…

Wed May 22 2013 A student made this post regarding the Apple Testimony about corporate tax rates.  We as individuals pay at a minimum 10% to taxes. If you take into account all the money that Apple avoided paying taxes on, the 6 billion they did pay in taxes would be less than 5% paid…

Tuesday May 21 2013 Tim Cook Apple CEO is scheudled to speak on corporate tax policy today. This article shows that while paying $6 B in taxes, Apple was also creative in avoiding some taxes with tax havens around the world.  Carl Levin just does not get it, it is not his money it is Apple's. 

Wed March 27 2013 Here are ten large companies paying no income taxes. Various reasons, an interesting read. 

Monday January 21 2013 Golfer Phil Mickelson is re evaluating  his lifestyle in golf facing an overall  62% tax rate. I am sure that Phil has employed a fine group of CPAs to advise on his tax status. Politicians believe that there is no limit to the taxes that can be imposed, that behavior will not be…

Tuesday Dec 18 2012 Politicians believe there is no limit to the tax burden that can be imposed on citizens. Apparently they also believe that behaviors do not change as tax law changes. French Actor Gerard Depardieum disagrees.  Depardieu  is moving to Belgium noting he has paid $145 M Euros in taxes over his working…

Monday Dec 10 2012 John Dvorak reflects on the decisions to bring Apple manufacturing back to the US. From an accounting perspective, understand that, while the President claims to be for creating American jobs, our highest in the world 35% corporate tax on American profits is the biggest driver of sending jobs overseas. Who wants to…

Thursday Nov 29 2012 We have noted that the Retama Ractrack in North San Antonio has not only never earned a profit, it has lost over $250 M since its inception. But new olwner Pinnacle Retama Partners LLC will be owned by a Las Vegas owned casino company. Apparently the idea is that racetracks in…