Poor Return Preparation Kills Facade Easement Tax Deduction
Regardless I think the Gemperles got a pretty raw deal and given the amount of abuse that is going on with charitable easements, the IRS should not be using its resources to shoot small fish in barrels.
Tax Foundation Scores Ben Carson Tax Plan
I think it is worth noting that we have had a progressive income tax and an estate tax for a century now. I understand the arguments that the economists make for plans like Carson’s, but there are all sorts of unintended, unforeseen consequences when you make radical changes. From that perspective, the Dwight Eisenhower style socialist from Vermont, Bernie Sanders, is actually looking like the most conservative candidate at the moment , but we’ll see how things develop.
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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.