Author Archives: Russ

California Democrats to Voters: We Don’t Care What You Think

Posted on June 17, 2009 by Russ

The headline says it all. Democrats in the state legislature are telling California voters that it doesn’t matter that you turned down the budget initiatives last May, we know better and the solution must include tax increases. That’s the only … Continue reading →

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Same Old Song and Dance

Posted on June 16, 2009 by Russ

Today is June 16th. The California budget still hasn’t passed. Of course, this isn’t a surprise. Democrats in the Legislature are looking at tax increases. Specifically, an oil extraction tax and an increase in the tobacco tax. Wait, Russ, wasn’t … Continue reading →

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2nd Quarter Estimated Taxes / Out of Country Deadline

Posted on June 15, 2009 by Russ

Today (Monday) marks two deadlines. Second quarter estimated payments must be made by today in order to be considered timely. Additionally, taxpayers who were out of the country on April 15th have until today, June 15th, to either file their … Continue reading →

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All Talk and No Actions

Posted on June 15, 2009 by Russ

The California budget fiasco continues. In theory, the state must have a new budget in place by June 15th—tomorrow—in order for short-term loans to be taken out in July. There’s no chance of that. It’s not that Democrats and Republicans … Continue reading →

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Aloha Gamblers!

Posted on June 8, 2009 by Russ

Hawaii is a beautiful place. It’s hard for me to think of a more beautiful or relaxing place for a vacation. Residents of the Aloha State aren’t likely to be gamblers. Hawaii prohibits all forms of gambling. Of course, if … Continue reading →

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California’s Other $17.8 Billion Deficit

Posted on June 4, 2009 by Russ

California currently has a $24 billion budget deficit. Would you be surprised to learn that there’s another $17.8 billion budget deficit on top of the current budget fiasco? It’s true. California has had a major problem with the funding of … Continue reading →

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Ballmer: Obama Plan Would Lead to Jobs Moving Overseas

Posted on June 4, 2009 by Russ

The Obama Administration has announced plans to increase taxes on American businesses with foreign operations. Generally, taxes would increase on these firms’ foreign profits. So assume you’re the CEO of such a firm. Well, if we move American employees overseas … Continue reading →

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Big Tax Increases Coming?

Posted on June 4, 2009 by Russ

The Obama Administration has set a record on spending. Somehow they have had the belief that they wouldn’t have to increase taxes to pay for the spending. All along I’ve said that’s nonsense. It appears that everyone except the current … Continue reading →

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For Those Who Subscribe Via an RSS Feed

Posted on June 4, 2009 by Russ

Taxable Talk will be moving to a new host in the next couple of weeks. I plan on doing the move over this weekend but it could be pushed back to June 16th. In either case, when the move does … Continue reading →

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June 15th Deadlines

Posted on June 3, 2009 by Russ

As a tax accountant I know of several deadlines that fall on June 15th. If you were out of the country on April 15th, June 15th is the deadline to file your tax return (or file an extension). June 15th … Continue reading →

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