Does Ninth Circuit Mortgage Interest Decision Create Special Rights?
We thus agree that the debt limit provisions of § 163(h)(3) result in a marriage penalty; but we are not particularly troubled. Congress may very well have good reasons for allowing that result, and, in any event, Congress clearly singled out married couples for specific treatment when it explicitly provided lower debt limits for married couples yet, for whatever reason, did not similarly provide lower debt limits for unmarried co-owners.
The IRS argues that applying § 163(h)(3)’s debt limit provisions on a per-taxpayer basis creates a marriage penalty. We agree that it does, but we do not believe the marriage penalty is as significant a concern as the IRS urges.
Travel Blogger Finds Sex, Drugs Even Some Museums But No Tax Deductions
Probably the thing that hurt him the most was not doing any sort of planning or inquiry before burning through nearly $40,000. On the other hand you might argue that blogging was a much younger field in 2007 when he conceived of the idea. I read Blogging For Dummies in 2010 and the main emphasis was to deliver good content.
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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.