Gadfly Rails Against Secret Tax Law For Exempt Organizations
And here we see what a profound difference a few years makes in the life of experience of a member of my generation. The “counter-culture” spread unevenly in the sixties and a University of Maryland student majoring in economics and business could be relatively unaffected by it when he graduated in 1968. He wanted to live out that idealism by becoming a Navy pilot but lacked good enough eyesight. The next best thing was enlisting in the Army and going infantry – 101st Airborne Division. Disillusionment came quickly in Vietnam in 1969. He referred me to a book called A Bright Shining Lie. His company took 50% casualties while he was with it. I turned 16 in 1968 making my experience of the same period more confusing than disillusioning and, of course, exceedingly more benign.
After discharge, Mr. Streckfus started participating in Vietnam Veterans Against the War
Tax Refund Claim On Pump And Dump Loss Evokes Memory Of The Tech Bubble
The Adkins were victims of a “pump and dump” operation. “Pump and dump” involves buying up a relatively low-value stock, convincing other people that the stock has great prospects, causing the price to be bid up and then dumping the stock near the peak. You have to give “pump and dump” people a little credit in that there is a real company there. It also makes them harder to catch compared to a Ponzi scheme, because the fraudsters are not necessarily directly transacting with the victim and there is an actual thing being purchased. “Pump and dump”, in my mind at least, is just one step beyond many legal business practices – like most of the time share industry – don’t get me started.
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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.