Tony K's Blog

I see three concerns about voter "irregularities": vote fraud, obstruction at the polls, and disenfranchisement through manipulating laws and rules. Vote Fraud Hey, I'm from Chicago where "vote early and often" is more than a slogan, it's a career path. If you believe the mythology, this is mostly democrats. This is cheating, and it is illegal. It undermines our democracy by overrepresenting a point of view. It should be investigated and prosecuted to the fullest extent of the law. There is little evidence that this happens regularly at a large scale. The good news with this one is that everyone still has a voice; the bad news is that widespread abuse could dilute and overwhelm those voices and the process. Obstruction and Intimidation at the Polls This is bad. Trump's call to his followers to get out to the polls is troublesome. If they keep it under control and do not attempt to intimidate or obstruct, that's ok. I believe that there i

The tax system is complex for businesses. One of the features is that it allows businesses to recognize depreciation of assets. Most governments do this in some form to encourage investment. If you spend $1,000 for an asset that is allowed to tax depreciate over 10 years, you can subtract $100 per year from your income each year for the next 10, until the tax value goes to zero. So you pay less in normal taxes at your tax rate. This reflects the value from a tax perspective, not the actual market value. To emphasize, virtually all governments allow this recovery of costs on an accelerated basis to encourage investment. If you then sell the asset for $50, you owe taxes on the $50 (sales value minus depreciated value of zero). Likewise, if you can get $1,200 for the asset, you would owe tax on the full $1,200. Equipment and machinery tend to go down in market value over time and with use, whereas historically, property appreciates. Even then, the gain is taxed at the lower long