Margaret Fuller1 360x1000
12albion
George M Cohan and Lerarned Hand 360x1000
7confidencegames
2lookingforthegoodwar
Mark V Holmes 360x1000
Mary Ann Evans 360x1000
1transcendentalist
Learned Hand 360x1000
1empireofpain
Brendan Beehan 360x1000
James Gould Cozzens 360x1000
10abion
11albion
299
6confidencegames
Thomas Piketty3 360x1000
Maurice B Foley 360x1000
Margaret Fuller 360x1000
1lauber
1confidencegames
399
George F Wil...360x1000
storyparadox3
Maria Popova 360x1000
1falsewitness
Ruth Bader Ginsburg 360x1000
AlexRosenberg
11632
Margaret Fuller2 360x1000
Betty Friedan 360x1000
LillianFaderman
1theleasofus
2lafayette
Thomas Piketty1 360x1000
storyparadox2
2theleastofus
14albion
Tad Friend 360x1000
Margaret Fuller3 360x1000
Susie King Taylor 360x1000
Margaret Fuller5 360x1000
6albion
4albion
Spottswood William Robinson 360x1000
Margaret Fuller4 360x1000
2confidencegames
499
1paradide
3theleastofus
Margaret Fuller 2 360x1000
7albion
4confidencegames
199
1gucci
Storyparadox1
2transadentilist
2trap
2jesusandjohnwayne
Richard Posner 360x1000
1lafayette
Adam Gopnik 360x1000
8albion'
3defense
9albion
3albion
Anthony McCann1 360x1000
1albion
1jesusandjohnwayne
1madoff
Anthony McCann2 360x1000
lifeinmiddlemarch1
5albion
Office of Chief Counsel 360x1000
Edmund Burke 360x1000
Lafayette and Jefferson 360x1000
Susie King Taylor2 360x1000
Samuel Johnson 360x1000
2falsewitness
Thomas Piketty2 360x1000
Stormy Daniels 360x1000
lifeinmiddlemarch2
1trap
3paradise
Gilgamesh 360x1000
3confidencegames
1lookingforthegoodwar
2paradise
2albion
1defense
5confidencegames
2gucci
2defense
13albion
Horse Breeders Win In Tax Court

Horse Breeders Win In Tax Court

(1) The manner in which the taxpayer carries on the activity;
(2) the expertise of the taxpayer in carrying on the activity;
(3) the time and effort expended by the taxpayer in carrying on the activity;
(4) the expectation that assets used in the activity may appreciate in value;
(5) the success of the taxpayer in carrying on other similar or dissimilar activities;
(6) the taxpayer’s history of income or loss with respect to the activity;
(7) the amount of occasional profits, if any, which are earned by the taxpayer;
(8) the financial status of the taxpayer;
(9) elements of personal pleasure or recreation

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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.