The Flag Of Our Love – A Response To The View of a Sesquicentennial Tourist
Recently I spiffed up a guest post from two years ago. It was by Georg Snatzke, one of the friends I made during the Civil War Sesquicentennial. Georg is an amazing...
Billionaire Miami Dolphins Owner Gets Shut Out At Tax Court
Mr. Ross had pledged $4 million (later raised to $5 million) for a University of Michigan athletic center. RERI’s donation of the SMI was done under an agreement that provided that there would be a $1 nominal credit to the pledge, that the University would hold the interest for two years and then sell it crediting Mr. Ross’s pledge with whatever was received for the interest. The appraised value of the SMI used for charitable donation purposes was $32,935,000.
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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.