Introduction of Michael Kerekes

Greetings to all who come here. My name is Michael Kerekes, and until a few minutes ago I was the last person on the Internet who did not yet have a blog.

I intend to discuss primarily tax matters, from momentous issues of tax policy to silliness on the part of both taxpayers and governments.

When someone says it better then I could, I will post a link:

Example of someone saying it better than I could:

For those of you who did not click through, it's a comic about those who might allow the government to remain shut down, to default on its debt, or both. What is currently going on falls clearly into the "silliness" category, but it unfortunately also falls into the "dangerous" category.

In the long run, there will be a lot of tax angles to this mess. Currently, we are dealing primarily with the possibility that there will be a repeal or reduction of the medical device tax. 

Generally, medical device manufacturers receive tremendous value from society in the form of patent protection. Specifically, the Affordable Care Act that is to be partially funded by the tax will create millions of potential new clients for medical devices. Thus, the tax seems to be a fair way to cover a relatively modest part of the cost of the Act. If the medical device tax is repealed, someone else will have to pay for that funding. Who can more fairly be asked to do so?