Fantasy Gravel Mining And Other Fun From the Tax Court
There is a really interesting discussion of what is involved in imagining a fantasy gravel mine – things like whether the power company will backhaul the gravel for you in its coal hoppers. The Tax Court valued the easements at less than 10% of the taxpayer’s valuation.
Court Stomps on Clergy Tax Abuse
Originally Published on forbes.com on February 15th, 2012 ______________________________________ Phil Driscoll is an ordained minister and quite a trumpet player. He...
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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.