Could Donald Trump’s Dock Battle With Mar-A-Lago Neighbors Cost Him Millions In New York Taxes?
Why the concern about states taxing capital gains? Other than the general Republican belief that tax cuts are a kind of universal solution to every problem. Is the President thinking about making his severance with New York complete by selling his iconic properties and resenting the whopping tax bill on the gains regardless of his domicile status?
Paycheck Protection Deductions: If No Help From Congress Should You Help Yourself?
I’m going to stick my neck out and predict that quite a few taxpayers will take the deduction, many of whom will be blissfully unaware of the notice. If the IRS decides to pay attention to the matter, somebody will litigate it and I really think it could go either way.
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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.