Tax Court Attorneys Play The Hand They Are Dealt By Their Clients
“Under the double-entry accounting system developed during the Renaissance, each entry in a general ledger has two sides – a debit and a credit. ” Judge Emin Toro – United States Tax Court
July Developments – Part III – Does IRS Hate Crypto?
“The prosecution of John Caleb Wright represents more than an isolated case of alleged tax evasion—it exemplifies a disturbing pattern of government persecution targeting the very individuals who pioneered the cryptocurrency revolution. This systematic campaign against early adopters reveals a coordinated effort to criminalize the foundational activities that built the digital asset ecosystem we know today.”
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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.