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Want To Know What A Machinegun Is? Look It Up In Internal Revenue Code

Want To Know What A Machinegun Is? Look It Up In Internal Revenue Code

The term “machinegun” means any weapon which shoots, is designed to shoot, or can be readily restored to shoot, automatically more than one shot, without manual reloading, by a single function of the trigger. The term shall also include the frame or receiver of any such weapon, any part designed and intended solely and exclusively, or combination of parts designed and intended, for use in converting a weapon into a machinegun, and any combination of parts from which a machinegun can be assembled if such parts are in the possession or under the control of a person.

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Horse Breeders V IRS: Even The Losers Win

Horse Breeders V IRS: Even The Losers Win

But litigated cases are a bad sample.  Most cases settle.  Unfortunately, any information on that is anecdotal, unlike the decided cases which are there for all to see.  The word on the street is that cases settle for 50% (or sometimes over 80% in favor of the taxpayer) in appeals.  And it is back to claiming the losses after that. But the really interesting thing is that in many of the litigated cases where taxpayers lose, they are actually winners if you take a broader view.

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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.