May 3, 2014

Every now and then we hear about high speed rail in Oklahoma. We may want to consider the experience in England and other areas before proceeding. The economic transformation of the North of England is central to the government’s promotion of the High Speed 2 rail line (HS2). It claims that the new line would boost employment and address the North-South divide, but there is reason for skepticism. Policymakers made similar claims prior to the use of High Speed 1 for fast domestic services to East Kent. Yet, since the introduction of high-speed services, East Kent has performed far worse in terms of employment than the rest of the South East and Britain. Some parts of the area now have similar employment rates to depressed old northern industrial cities. It would appear that the impact has been too small to counteract other more important economic factors, including the very large tax bill, relatively low levels of human capital in locations on the route, and a risk that disruptive technologies will undermine many of the purported benefits.

High-Speed Rail And The Regeneration Myt[...]
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December 7, 2013

Oklahoma has considered high speed rail service in the past. Before we get too serious, it might make sense to consider Florida’s experience. The Tampa to Orlando high-speed rail project was cancelled by Governor Rick Scott in 2011 to shield Florida taxpayers from billions of dollars in liabilities. Yet, a recent report for the Florida Department of Transportation (FDOT) estimated that the line could have earned an operating surplus of $38.0 million by 2026. International research indicates that passenger rail projects are characterized by optimism bias in ridership and revenue forecasts. On average, eventual ridership totals 39% below forecast. If the Tampa to Orlando high-speed rail had equaled the international average (which seems optimistic, given recent cost trends in the high-speed rail industry), the cost overrun would have been $1.2 billion (45%). These deficits would have been the responsibility of Florida taxpayers.

Florida High-Speed Rail Proposal Still a[...]
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Get in Touch With Me.

Call me at 405 810-8119 with any questions or to schedule an appointment.


Greg Karnes CPA

4301 NW 63rd St, Suite 200

Oklahoma City, OK 73116-1504


Or you may use my contact form.


Competitive Fee Structure


… but if you are looking for the cheapest fees, or obesssing about your correct pronouns or global warming, you are probably best served by looking elsewhere…

… in addition, due to an extremely busy workload, if it is absolutely critical to have a rapid turnaround in your work & you are inclined to make repeated calls to check on the status, someone else would probably suit you better …

New tax clients are expected to provide copies of their last 3 years of tax returns and provide permission to contact prior accountant to resolve any issues, if necessary.


Regretfully, I am unable to accept new clients who have unfiled prior-year’s tax returns,  who are not current with all prior tax obligations, are involved in any marijuana-related business ventures, use marijuana, have any income from gambling, are personal-injury attorneys or copyright or patent trolls. Newly formed businesses are frowned upon as well.


Though not required, supporters of President Donald J. Trump, the National Rifle Association & clients who are cheerful, optimistic and NOT easily offended are generally preferred.


Absolutely NO LAZY, ECONOMICALLY ILLITERATE & GODLESS SOCIALISTS allowed beyond the front door, however!

Due to the alleged gang activity and drug dealing at the nearby Chelsea Manor Apts. & 7-11 Convenience Store, I would personally recommend "packing some heat" while in this area (and perhaps Penn Square Mall as well). Some believe the OKC Police Dept. has become wussified and are too intimidated to confront these gangbangers and put them behind bars where they rightfully belong. "Talk on the Street" seems to be that the wussification emanates from an extremely weak & naive Mayor who purportedly suffers from a severe case of "Low T," a weak City Manager, a new, effeminate-looking Police Chief, who refuses to enforce our nation's immigration laws & a Ward 6 Council Girl who took her Oath Of Office using a book on Marxism.

Calm Guide Sheet by Greg Karnes on Scribd

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Just one miss ?. Using the @volquartsen_firearms 22 LR Scorpion ?

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Make The University of Oklahoma Great Again!


(Let us return to the time before the “Loudmouth Communist Snowflakes” and the less than competent financial administrators arrived on campus)


NOVEMBER 23, 2014



FEBRUARY 16, 2015





NOVEMBER 22, 2014



Top 10

Taxpayer Enemies


Those Individuals Or Groups Most Intent On Penalizing Success & Achievement & Desiring A Return To The Days Of Low Economic Growth During The Jimmy Carter/Barry Obama - "Sleepy Joe" Biden Era


(in order, as of today)

The Caracas Caucus


(the Top 10 “Americans” who seem most hell-bent on destroying our jobs & economy in order to advance the cause of centralized government control over our lives and private businesses to the point where we are forced to surrender our individual liberties to the state)

The Terrorist Caucus


Those Individuals Or Groups Who

Come Across  To Me As Ambivalent Towards Islamic

Terror Activities

The “Soft On Crime” Caucus


The Top 10 Individuals Or Groups Who

Come Across  To Me As Coddling The Criminal Element At The Expense Of The Public Safety Of  Law-Abiding Citizens

The “Ugly” Caucus


The Top 10 Individuals On The Taxpayer Payroll That Strike Me As Being Just As Unattractive On The Inside As They Are On The Outside.