The Epilogue Class (1971) Gathers- 1970 – The Xavier Class Lamented By Antonin Scalia – Part VII
My account of Xavier High School's last years as a "thoroughly military academy" to quote one of Xavier's most famous if not most beloved sons - Antonin Scalia Class of...
High Flying Insurance Agent Could Not Stop IRS Jeopardy With Let’s Make A Deal
When Mr. Brown’s representative had a telephone conference with the IRS settlement officer it was indicated that the only “distrainable asset” was $5 million of equity in the residence. The plan to pay the IRS off in installments would be based on Mr. Brown obtaining financing in order to buy a pool of insurance policies that would produce a flow of income. He promised further details which came in the form of a 300 page document.
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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.