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Kansas Property Tax Consultant War – A Sign Of Things To Come?

Kansas Property Tax Consultant War – A Sign Of Things To Come?

This situation may create what I am going to call the Tea Party Paradox.  There is a desire for less government and lower taxes in general, but also a sense that what government there is should be more local and state than federal.  So now we have the situation where the people who want to slash the federal government are positioned to slash the levels of government, that they view as more benign, although perhaps still in need of pruning.

Then there is what I will call the Lois Lerner Effect.  Anti-tax zealots are using misbehavior in one of the more obscure, less significant parts of the IRS to condemn the entire system and advocate an entirely new system.  What happened in Kansas with the Court of Tax Appeals indicates that zealous legislators can restructure a system relatively quickly once they get a head of steam up.

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Technology Officer Denied Capital Gain Treatment On Sale To Google

Technology Officer Denied Capital Gain Treatment On Sale To Google

Clearly Mr. Brinkley would have helped himself with the penalties if he had given all documents to his advisers.  Should he have made more of a fuss about the W-2? There you get into business judgement.  You wouldn’t want tax issues to screw up the deal.  If I could have changed one thing, I would have separated the transfer of rights from the employment letter.  I hope Mr. Brinkley appeals this decision.  It may be right on the capital gain issue, although there is still an argument there.  And I think it is wrong on the penalty.

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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.