gdp's Comments

Commentary Magazine : Penn State's Shift Toward Evil

Fri, 13 Jul 2012 19:58:15 +0000

BDZ If you're uncomfortable calling these acts and their coverup "evil", then perhaps you should check where 'the line that separates good and evil' has shifted to within your own heart..

Big Government : Liberty in Action: First Private Lawsuit Challenging ObamaCare Filed in Mississippi

Sun, 4 Apr 2010 20:40:36 +0000

IntenseDebate Notification <DIV>Hi, Doug! Happy Easter!</DIV> <DIV></DIV> <DIV>There are numerous examples of \"ordering rules\" in the application of the tax code. For example, I take out a loan for $100,000. Half I spend on a bass boat, and the rest on income-producing property such as a new bay for my car wash. As I repay this mixed-use loan, the interest-tracingrules require thatall payments of principal andinterest be applied in the following order: first topersonal use(mybass boat) and then to business use. Only the businessinterest isdeductible;so on a ten-year note, I won't receive a dime's worth of interest deductions until year 6 or 7, when the first $50,000 (the bass boat) has been paid off.</DIV> <DIV></DIV> <DIV>It is heartening that there is no enforcement action available on these lack-of-health-insurance penalties. However,it is not difficult to imagine a workaround whereintheIRSpromulgatesregulations requiring that the first dollars we pay into the system each yearbe applied tothe payment of health-care penalties, and thereafter to taxes. To go back to the previous example wherein I owe $5,000 ($1,500 of which is a health-care penalty), I don't get to choose what gets paid first. If I pay $1,500 short ofthe entire amount due, the collection and enforcement action defaults to theunpaid taxes; thehealth-insurance penalties are paid already.</DIV> <DIV></DIV> <DIV>Doug, I will not sitidly by while my children are sold into bondage and our freedoms are stripped from us by a bunch of lawlesspolitical thugs. Several years of my early career were solely dedicated totax research and writing, and now I've been in my own practicefor 20 years preparing tax returns and doing planning work for individuals and entities. I appreciate the piece you wrote, and more so the legal action you're taking, and I'd liketo discusswhether, and to what extent, I can be of any assistance in your efforts to challenge this monstrosity.</DIV> <DIV></DIV> <DIV>By the way, you're right about the ridiculous level ofcomplexity.In my own opinion, anylaw that can't be understood without the guidance of an \"expert\"probably shouldn't be a law in the first place. God penned the ten commandments in language everyone can understand, and so did our founding fathers when they wrote the Constitution. I've not seen the actual language of the health care bill, but it can't be good if ourcongressmen won't evenpretend to understand the garbage they've just passed.</DIV> <DIV></DIV> <DIV>Again, have a great Easter!</DIV> <DIV></DIV> <DIV>Wayne</DIV> <DIV></DIV> <DIV>Wayne Farrar, CFP, CPA, LLC
1702 Falcon Drive
Keller, TX 76248
(817) 337-7879</DIV> <DIV></DIV> <DIV>Securities offered through 1st Global Capital Corp., Member F.I.N.R.A., S.I.P.C.
Investment Advisory Services offered through 1st Global Advisors, Inc</DIV> <DIV></DIV> <DIV></DIV> <DIV style=\"FONT: 10pt arial\">

Big Government : Liberty in Action: First Private Lawsuit Challenging ObamaCare Filed in Mississippi

Sat, 3 Apr 2010 17:55:25 +0000

Mr. Lee, Thanks for laying the groundwork. As a CPA reasonably fluent in the tax law, however, it appears that the lack of enforcement provisions may present no obstacle at all to the full enforcement action of the IRS. My understanding is that the IRS will have collection and enforcement responsibility for these penalties. It is a simple matter for the IRS to issue regulations establishing an ordering rule for the application of our tax payments, For example, suppose I owe the government $5,000, which includes a $1,500 "penalty" for not carrying health insurance. I pay the $3,500 I would otherwise owe, and citing the lack of enforcement provisions go on my merry way. Sometime thereafter, I receive a nastygram demanding the payment of $1,500 in taxes plus additional penatlies and interest. Lo and behold, my $3,500 was, by law, applied first to the no-insurance penalty, and thereafter to the regular tax. I still owe $1,500 in regular taxes, subject to the full enforcement capacity of the federal government. Game over.

Breitbart.com : White House \'puzzled\' over Netanyahu storm

Wed, 31 Mar 2010 03:55:40 +0000

Howdy, cuz. Well, of course he's a Muslim. He hates the American people, he hates anyone who sides with the American people, and he's doing everything he can as quickly as he can to destroy this country. In the meantime, he embraces and expresses his unabashed admiration for our enemies, trashing America every chance he gets just to make sure they understand he's not one of us. Could it be any more obvious?