Drag Racing and Amway – Fun Not Profit
Originally Published on forbes.com on July 26th, 2011 ______________________________________ The case of Richard Zenzen is the most recent “hobby loss” case that I have...
You Can Be Two Places at Once if One of Them is New York
Originally Published on forbes.com on July 25th, 2011 ______________________________________ Most states and a few cities tax their residents on their world-wide...
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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.