Steve Hoffacker's Sales Quips

Warren Buffet, one of the wealthiest men in America, is lamenting that the rich should be asked to pay more taxes. So glad he volunteered to step up to the plate.

We'll be expecting a check equivalent to 70% of his income - more if he feels so inclined. Then he won't have to feel that he is letting us down or not puliing his fair share of the load.

Such a nice gesture, Warren.

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

On the heels of reported fraud with the $8,000 tax credit - including people getting the tax break who didn't qualify and IRS staffers gaming the system for fraudulent refunds - now the IRS reports that they didn't require proof of purchase under the "Cash for Clunkers" program and just allowed the credits anyway.

Anytime there is a federal rebate or credit on a new purchase it is abused. Therefore, they need to stop. No more. Credits generally mean that the taxes are too high anyway.

In reality, deductions and tax credits mean that we get to buy-down our tax liability because our purchases mean that we otherwise would have an undue tax burden without the adjustment - or that Congress and the Administration are trying to direct behavior in a certain direction. With all of this leeway in taxation policy, it sounds like we are being overtaxed. A fair system would not allow or permit such deductions and exemptions. If we can eliminate or reduce taxes on this and that, and for certain people but not for others, it definitely seems like the rates are out-of-whack and way too high in general.

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other bloghomesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2011. All Rights Reserved.

Because the President couldn't get his act together soon enough, because Nancy Pelosi put off consideration of extending the Bush-era tax cuts until after the election but vowed passage of them, and because the Senate has loaded up the bill with so many extraneous additions, the bill should be soundly defeated allaround.

What started out as a simple yes or no vote to keep the Bush tax rates in place past their December 31st expiration - and this is something that everyone has known about for a long time - has turned into unemployment compensation extension to continue the trend of people refusing to look for work even longer, restore the death tax as a wealth-breaking measure to strip families of generations worth of earnings and holdings, and adding so much pork to the process that it easily could be mistaken for a swine farm.

Defeat the measure. Let the taxes rise on January 1st. Then let the 112th Congress as their first act of business on January 3rd pass the permanent tax cut extensions (retroactive to January 1st). From January 1-January 3, which is a Saturday and Sunday anyway, very little bookkeeping will have occurred, so it will be as if they never expired.

Thus the new Congress will do what the current one has been unable to do, and the President will have little choice but to sign the bill.

Save the other items for other bills and then defeat most of them.

The second order of business for the new Congress will be to repeal Health Care - just in case the Supreme Court might blink and actually support it.

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2010. All Rights Reserved.

Many in the Senate are railing against the extension of the current tax rates as "giving" tax breaks to the rich. News flash, they already have them, as do all Americans. This vote is merely to extend them. More breaking news, these so-called tax cuts cost nothing. Forget about all of the talk about how we cannot afford them. Not one dime will be spent to renew them except the paper used to publish the bill. What Congress is afraid of is that they will lose revenue that might emanate from increased taxes were the rates to bump back up.

The Senate - and the House - should be hopping mad that this bill has become so laden with pork and that it has the unemployment compensation tacked onto it.

This bill should be a single issue bill - extend the tax rates that we have now - yes or no. Vote yes for America. Vote no to indicate that you want to be removed from office at the next election.

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2010. All Rights Reserved.

The President, the Senate, and most of the House want to extend the Bush-era tax rates before they are set to expire at the end of this month. The vocal. liberal House Dems are putting their foot down and telling us "no way." While they profess to support a "middle-class tax cut," they do not approve of it applying to higher income levels (of which all or most of them are part) for the million dollar plus individuals.

Of course, we all know that this is not a tax cut - merely an extensuion of lower rates that already have been in place. Conversely, no action means a significant tax increase for everyone on January 1st.

The media, the President, and the liberal Dems in Congress are quick to label the Republicans in Congress as "obstructionists" when they won't play along with liberal spending packages, but who is wearing the "obstructionist" label now?

And how much does it cost to continue the tax relief we currently enjoy? The answer is absolutely nothing. The Dems in Congress are speaking out because they are so afraid that they are not going to more of our moeny to spend. That's all.

That's why 60 seats changed hands last month.

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.

Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

© Steve Hoffacker, 2010. All Rights Reserved.