Charitable Easement Deduction $16,745,000 Claimed $93,690 Allowed
A claimed charitable easement deduction that is almost 179 times the amount allowed by the Tax Court probably makes you think that we are talking about a syndicated...
No Tax On Tips – Now Social Security – What Is Next?
This is very similar to the “no tax on tips”. They are both proposals that purports to be directed toward a disadvantaged class, but will really only help the more advantaged members of the class like the servers in high-end steak house or in the case of senior citizens people like me or even more the older CPAs who are determined to die with their boots on.
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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.