Credit Card Rebates May Yield Charitable Deductions
I will sometimes see organizations sending out acknowledgments that do not meet the substantiation guidelines of the regulations. They are not being nice to their donors when they do that and they are indicating, at least to me, that there is at least one area where they are not on the ball.
Aggressive Life Insurance Plan Fails – Or Maybe Not
Life insurance actually is a very tax-efficient vehicle. The build-up in value, if there is any, is tax-deferred, and proceeds paid by reason of death are free of income tax. The claim that it saves estate taxes is somewhat fallacious.
Follow Me
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.