Cooperatives May Provide End Run Around Limitations On 20% Business Deduction
I think that one of the reasons that the concept has not taken hold very well in the land of the free and the home of the brave is that the people with entrepreneurial personalities who can really make a business go do not have a lot of patience with democratic governance.
That was the story with Fraternal Communion Number One founded by Adin Ballou. The enterprise was pretty successful but the members with the largest capital ended up taking the enterprise over and turning it into the Town of Hopedale, Massachusetts, and Draper Industries. It is an interesting story, which I shared in this piece and this one.
Sister Kathleen Reilly 1942-2018
Sister Kathleen Reilly died on Wednesday, January 17 at Good Samaritan Hospital in Suffern, NY after a long illness. She was 75. The daughter of Jerome Reilly...
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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.