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Something to Keep Busy With

Something to Keep Busy With

Very brief post on Passive Activities and Other Oxymorons on December 19, 2010.  Quite prescient is my noticing an article by Janet Novack, who six months later would...

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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.