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Who Gets The Million Plus Stimulus Checks?

One of Terry’s fascinating theories is that President Trump turns down his salary so that he can continue to be treated as being a real estate professional. Terry also thinks that the President’s switch to Florida residence (which I predicted-not bragging, just saying) was motivated by the state income tax headaches that 461(l) has indirectly created for people with enterprises of his complexity.

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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.