Tax Court Christmas Donkeys – A Present For Taxpayers With Losing Side Gigs
Taking Judge Urda’s narrative Huff and his wife Cathy Markey Huff did not raise their daughter Jennifer to be a trustifarian. Mr. Huff capitalizing on her love of animals and her experience in greyhound rescue had helped her start Doggy Styles a pet grooming business. He was concerned however that it was not enough so he and his wife started Ecotone
Removing Inflation Distortions From The Tax Base – The 1984 Solution
The Tax Reform Act of 1986 was a great achievement and it really did represent a step toward a more rational tax system. But what happened ? As it turns out using the tax code as an instrument of social and economic policy is just too big of a temptation. It seems too much like a free lunch.
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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.