Stimulus’ Tax Benefits Heavily Weighted To Ultrawealthy
That $169.9 billion is significantly lower than the $292.4 billion of rebates, but the $292.4 billion is being split up among well over half the population. The $169.9 billion is going to a relatively tiny number of people. $500,000 of AGI means you are in the top 1%, but 469(l) only affects a tiny subgroup within the 1%. A surgeon making $700,000 per year who does not have anything else going on does not have to worry about it.
Wrong Signature Voids Million-Dollar Plus Refund Claim
Court of Claims will not be considering the merits of the argument. Judge Hertling ruled that the Court of Claims lacks jurisdiction because Mr. Dixon did not himself sign the amended returns.
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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.