* Speaking of ROTH AND COMPANY UPDATES, Joe provides the latest word on the status of tax credits for purchasing a hybrid automobile in his August 08, 2007 post “Hybrid Update”.
* Kerry M. Kerstetter, the internet’s self-proclaimed TAX GURU, offers an interesting thought on our Social Security system - “The best way to explain how Social Security works is to describe a typical Ponzi Scheme.”
* Rasmussen Reports reports that “Democrats and Republicans Have Different Understanding of Fair Tax System”. The article states that “Overall, 41% of voters currently trust Democrats more than Republicans on the tax issue. Thirty-seven percent (37%) have more trust in the GOP while 22% don’t have a preference.”
* The Friday edition of CCH’s TAX NEWS HEADLINES reported that “President Bush said that he is open to cutting corporate tax rates if the current tax structure puts the United States at a competitive disadvantage, but he stressed that any proposal must be revenue neutral. At an August 9 news conference, the president said that the underlying issue is simplification of the tax code.”