A Teaching Moment From The $1 Billion Texas Tax Shelter Indictment
I have to wonder how much Fenton was getting out of this compared to the mastermind and the two partners. If the indictment is accurate, I hope that he flips on them and gets off easy.
Two Great Books By And About Women – And Men
You and I both know that technically it was not Susan’s “status as a widow” that avoided the capital-gains taxes, but I was really starved for any financial details in the story, so I appreciated it. The take-away is that Carter Burden was a successful example of the hold, borrow, die strategy, but we can tell from the memoir that it was pretty stressful for his heirs.
Follow Me
Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.