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How Valid Is Tax Foundation Dynamic Scoring?

How Valid Is Tax Foundation Dynamic Scoring?

I will probably continue to cite the Tax Foundation’s estimates in discussing presidential plans.  I have not found anybody who questions their static scoring.  When it comes to the dynamic scoring, I am going to suspend judgement, because I don’t think there is as much of a consensus among economists as to how taxes afffect the overall economy as there is, for example, among climate scientists on the effect of carbon dioxide on global warming.  So I think we may be giving the Tax Foundation’s model just a little more credibility than it deserves. It has a model that allows it to put out results quickly and that matters a lot in the attention that it gets, but it does not make it right.

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Easement Deductions – A Place In Greenwich Village And A $25 Million Eagles Nest

Easement Deductions – A Place In Greenwich Village And A $25 Million Eagles Nest

Of course, if the property is already at its highest and best use (meaning the use that will yield the most money in the long run), the easement has little or no value.  That often turns out to be the case with easements on buildings in historic districts.  There are already plenty of restrictions on the property.  The method that can raise eyebrows out in the country is subdivision analysis.  I read somewhere that if all the hypothetical subdivisions that have supported easement donations were built, we would have enough houses for the next couple of centuries and very little in the way of farmland.

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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.