Wag The Dog
In the end, the capital gains tax had to be paid and apparently a 40% gross valuation overstatement penalty. Not to mention all the fees which were estimated to be around 20% of the “tax savings”. The really interesting question, though, is how much was lost due to stock being sold at less favorable prices than might have been obtained without the complications of the shelter planning?
Bring A Gun To School But You Better Have Insurance
This was originally published on October 20th, 2010 on PAOO. THOMAS MORE LAW CENTER v. OBAMA, God made the angels to show Him splendor, as He made animals...
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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.