Like A Limestone Cowboy – More Dixieland Boondockery Shenanigans
Like a limestone easement
Riding out on a valuation in a star-spangled appraisal show
Like a limestone easement
Getting cards and letters from promoters I don’t even know
And offers coming over the phone
August 2026 Tax Developments – Part III – Some Partners Not So Limited
Malibu is something of a return to the good old days. It is not a syndicated financially engineered deal and the highest and best use is a subdivision which was the classic go-to for easements back in the day.
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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.