Tips And Overtime Deductions In Big Beautiful Bill Seem To Create Odd Marriage Incentives
There appears to be a marriage penalty for well tipped servers tying the knot with one another and a marriage bonus for well tipped servers marrying industrious blue collar workers.
Jones Day Argues New Approach To Valuation In Recent Tax Court Cases
Jones Day was making an argument that would account for property being valued for a conservation easement at a multiple of the value that it had recently changed hands for.
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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.