Grain Glitch Fix Unfair To Worker Cooperatives – And Stormy Daniels Tax Update
Originally published on Forbes.com. It looks like I will be getting smacked on the side of my head with one of my own laws. Reilly's Third Law of Tax Planning - Any...
Stormy Daniels And The $130,000 – Based On Agreement, I Call It Capital Gain
I’ve been able to come up with three possible positions I would have taken on Stormy’s return. This is the type of thing that would have made for a great tax season at Joseph Cohan & Associates in the 1980s, when we could still smoke in the office and before the Clarence Thomas hearings had introduced an almost Victorian propriety into office environments. First, a little background.
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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.