WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’

There was not much discussion of taxes in last night’s prime time Republican debate.  Huckabee expressed his support for the Fair Tax plan, a tax on consumption that would assure that "illegals, prostitutes, pimps, drug dealers" pay their fair share of taxes too.  Dr. Carson talked about a “tithe-based” 10% flat tax.  Under his plan a person making $10 Billion would pay $1 Billion in tax and a person making $10.00 would pay $1.00.  I like the flat tax concept.  It appears the consensus among the ten was that the current Tax Code, called “convoluted” by one candidate, needs to be rewritten.

* THE TAX PROFESSIONAL is back!  I pose some questions for tax pros.

* The CCH daily TAX HEADLINE email newsletter reminds us that “Failure to File 2014 Tax Returns Will PreventAdvance Payments of Premium Tax Credit in 2016” –

“Individuals who fail to file a 2014 tax return will not be eligible to receive advance payments of the PTC in 2016. Individuals who are not eligible for advance payment of the PTC will be responsible for the full cost of the monthly premiums and all covered services. In addition, nonfilers may need to pay back some or all of their 2014 advance payments.”

* Attention self-employed taxpayers – have you taken advantage of my special summer offer yet? The cost of THE NEW SCHEDULE C NOTEBOOK is normally $7.95 – but for all orders postmarked by August 31st the cost is only $5.30 – a 1/3 discount!  The report will be sent as a pdf email attachment.

Send your check or money order for $5.30, payable to Taxes and Accounting, Inc, and your email address to –

 

SUMMER SPECIAL OFFER

TAXES AND ACCOUNTING, INC

POST OFFICE BOX A

HAWLEY NJ 18428

 

THE FINAL WORD –

 

Tronald Dump is truly a buffoon and a clown, which Jeb Bush denied calling him at last night’s debate.

 

The self-absorbed fool showed pride in the fact that he took advantage of bankruptcy laws to screw his investors and lenders out of millions of dollars not once or twice but four times. 

 

He also appeared proud of the fact that he contributed to many political campaigns, of both Republicans and Democrats, not because he supported their politics but solely so he would be able to call upon them for favors as needed in the future.

 

When called out for insulting women, and not just Rosie O’Donnell, as “fat pigs, dogs, slobs, disgusting animals” and worse, Trump said he did not believe in being “politically correct”.  Calling women, or anyone, fat pigs, dogs, slobs, disgusting animals and worse in response to criticism is not “politically incorrect” – it is childish and inexcusable.  If President Trump or the Unites States was criticized or questioned by another world leader would his response be “You’re ugly!”? 

 

Trump’s candidacy should not be taken seriously.  It should be treated as the joke that it is.

TTFN

 and worse