June Developments Part II – I Hate ERC Almost As Much As Crypto
My main thought on the ERC is that it is a really bad idea to invent a totally new tax incentive in the face of a crisis.
Interesting Tax Developments In June 2026 – Part One – I Hate Crypto
The Supreme Court Moore opinion has greatly excited alternative tax thinkers with its holding that the income tax is indirect. This is buttressed by the facts that courts and IRS have been misstating the holding in the 1916 Brushaber opinion.
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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.