Theodore Valentine’s Hovind Documentary – Reactions
When Independent Baptist minister, young earth creationist, convicted felon Kent Hovind (Doctor Dino) was nearing the end of a long prison sentence for tax related...
IRA Withdrawal Penalty A Cost Of Do-It-Yourself Divorce
A couple of months later the court entered a consent decree for the dissolution of the marriage incorporating the agreements that Robin and Terry had made. Since the IRA account had been cleaned out there was no mention of it. Robin reported the $17,378 on his return but did not report any “additional tax” on line 58. The custodian of course had ratted him out, by sending 1099 to the IRS with “early distribution, no known exception” indicated.
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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.