The Irresistible Allure Of Abusive Conservation Tax Deductions
Originally published on Forbes.com. There is no such thing as bad publicity. That may be what is proved by the continuing growth of the syndicated conservation...
Economist Challenges Assumptions Of Wealth Tax Advocates
What is disturbing is the notion that all the work would go into establishing and collecting the wealth tax only to have to refund it all, with interest. This is a real threat. Dollars to donuts most wealth tax returns with multi-million dollar checks will be followed as night follows day with protective refund claims. The tax will be contested in multiple circuits and the Supreme, little as they like tax cases, will have to deal with it.
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.