The Tax Preparation Blog

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Question: Would you agree with Dr. Laffer that worst is yet to come under Obamanomics?

Says Dr. Laffer:

“Now, if people know tax rates will be higher next year than they are this year, what will those people do this year? They will shift production and income out of next year into this year to the extent possible. As a result, income this year has already been inflated above where it otherwise should be and next year, 2011, income will be lower than it otherwise should be.

Also, the prospect of rising prices, higher interest rates and more regulations next year will further entice demand and supply to be shifted from 2011 into 2010. In my view, this shift of income and demand is a major reason that the economy in 2010 has appeared as strong as it has. When we pass the tax boundary of Jan. 1, 2011, my best guess is that the train goes off the tracks and we get our worst nightmare of a severe “double dip” recession….

http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html?mod=WSJ_Opinion_LEADTop

Answer: another neocon CONMAN

tell us again how cutting taxes increases revenue..It contradicts math I learned in 1st grade

How to choose a tax pro

This year, the IRS will begin verifying that tax preparers are competent.

“FREE $60 CASH”-”ONLINE INCOME OPPORTUNITY”-”TRACY M SHAW”

Related posts

• Income Tax Training
• Income Tax Class Online
• Tax Services
• Tax Preparation Home Business
• Tax Preparation Business Software
• Tax Online Center
• Tax Online Business