Monthly Archives: October 2008

The President and Taxes

Posted on October 31, 2008 by Russ

There are many reasons to vote for a candidate for President. Even though taxes are important they may not be, for you, the most important issue. I strongly advise everyone to review both candidates’ records, their views, and their character, … Continue reading →

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Taxes Under a President McCain

Posted on October 30, 2008 by Russ

This is the second of a three-part series on the Presidential candidates. Today I take a look at what Senator John McCain proposes in his tax plan. Here are the basics of what Senator McCain proposes (most of the following … Continue reading →

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Self-Arrested Behavior

Posted on October 29, 2008 by Russ

I’ve reported on occasion on Robert Beale. Mr. Beale was tried on tax evasion charges, but attempted to arrest the judge. That last tactic—attempting to intimidate the judge—didn’t work out. He received 11 years at ClubFed when he was sentenced … Continue reading →

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Smoke and Mirrors Lead to California Crisis

Posted on October 28, 2008 by Russ

When California’s budget was passed I noted that it was full of smoke and mirrors. It was based on an optimistic scenario rather than a realistic scenario. So far, it’s only off by $3 billion; the Los Angeles Times notes … Continue reading →

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Six Years of Tax Fraud ($40 Million Worth) Gets Nine Years at ClubFed

Posted on October 26, 2008 by Russ

Alan Fabian seemed to have everything. He was an entrepreneur, a political fundraiser, had numerous “successful businesses”—in short, he appeared to have everything. But it was a fraud. Actually, multiple frauds. Mr. Fabian may have, at one time, actually been … Continue reading →

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Proposition 12: Veterans’ Bonds

Posted on October 23, 2008 by Russ

Proposition 12 would issue $900 million in bonds to provide loans to California veterans to purchase homes and farms. It would cost $59 million a year to repay the debt (for thirty years). Supporters say that the Cal-Vet Home Loan … Continue reading →

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Proposition 11: Redistricting

Posted on October 23, 2008 by Russ

If you’re a California resident you know that we have a dysfunctional legislature. One of the main reasons for this is that back in 2001 the Democrats and Republicans in the legislature drew up new districts. They made a deal, … Continue reading →

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Proposition 10: Alternative Fuel Vehicles

Posted on October 23, 2008 by Russ

Proposition 10 would issue $5 billion in bonds. These bonds would then be used to provide $3.425 billion to aid consumers purchase high fuel economy or alternative fuel vehicles. Another $1.25 billion would be used for research and development of … Continue reading →

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Depression or Avoidance?

Posted on October 22, 2008 by Russ

There’s a scandal in New York involving the Governor’s Chief of Staff. Charles O’Byrne is Chief of Staff to New York Governor David Paterson. He makes a good salary ($178,500 a year). He also owes $200,000 in back taxes—he didn’t … Continue reading →

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Proposition 7: Renewable Energy Generation

Posted on October 22, 2008 by Russ

Proposition 7 has done something this election cycle that I would have thought was impossible: It is opposed by almost everyone. The opponents include the Republican Party, the Democratic Party, the United Farm Workers Union, the California Chamber of Commerce, … Continue reading →

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