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The Thinking Behind The Tax Cuts And Jobs Act – Assuming There Was Some

I spoke with Professor Sugin about her article.  One thing that we both seem to agree on is that TCJA is not well thought out tax reform as was the Tax Reform Act of 1986.  I asked her if this type of deep thinking about the tax law comes across in her teaching.  What she told me was that the law school classes will give students a sense of the arc of themes that run through the law and holistic views of the statutes, which will inform students when they get into the details of practice.

The other thing I learned from our discussion which I probably should have known about is what the economists call the “optimal tax model”, which is kind of the holy grail of economic thinking about taxes – designing a tax system that minimizes “deadweight loss” from the economic distortions that taxes create.  For example, taxes on labor encourage leisure – at least if you are using “homo econimicus” as your model of human behavior.

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CPA Convicted Of Assisting On False Tax Return – Did He Get A Raw Deal?

CPA Convicted Of Assisting On False Tax Return – Did He Get A Raw Deal?

Beginning in 2007, Burrill Capital began taking its management fees a little early to deal with “cash flow” problems.  By 2012, it had taken more than it could possibly earn before the fund’s scheduled closing – over $18 million.  In 2012, there was a capital call on the investors purportedly to fund investments. but some of that went to the prepaid management fee.  It is important to note that Mr. Berger had nothing at all to do with these shenanigans.  That was one of the objections to the way that the Government had presented its case to the jury.

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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.