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Tax Losses From Genetically Engineered Deer Allowed

Tax Losses From Genetically Engineered Deer Allowed

Deer farms and genetically engineering deer to have impressive racks turns out to be very controversial.   I have to admit when I read “The Taxpayer has four small two and one-half acre pens on the property where he keeps the genetically engineered deer that have been bred”, I started thinking that this might be the setting for an F. Paul Wilson novel.  You will see critics of the practice using the term “Frankendeer”to describe some of the outcomes of breeding programs.  There is also a sense that fenced preserves are kind of unsporting and that the people taking the trophies are more shooters than hunters.

This piece quotes Brian Murphy of the Quality Deer Management Association  – “Most hunters find great disdain in a known outcome.  That is not hunting.  There has to be a high degree of not being successful.  The deer has to have a fair chance to escape.”

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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.