Tax Court Judge Appreciates Art More Than Your Average Revenue Agent
Lew’s comment is probably a good segue into another thing that struck me about this case. Note the phrase catalogue raisonnée, which I had to look up. It’s part of Lew’s active vocabulary. Bottom line is that, in general, lawyers have much better educations than accountants. That had me wondering if Judge Lauber’s appreciation for art would show up in his biography. Well, it did. Between his bachelor’s degree from Yale in 1971 and his JD from Yale in 1977, he received an MA in classics from Clare College, Cambridge. That’s not the Cambridge that is forty miles or so east of Worcester with the former seminary for Congregational ministers and the technical college, the town where Margaret Fuller and Thomas Wentworth Higginson grew up. It’s the one in England. Clare College was founded in 1326.
TIGTA Must Disclose More About Investigation Of Possible IRS Release Of Koch Industries Return Information
The trope is that S corporation status when it was created in the sixties was meant to provide relief to “small” businesses
Qualification to be an S corporation, though, is based on who can be a shareholder and how many shareholders there are. It strikes some people as altogether wicked that a large company with few shareholders could use this break meant for little people. If someone has that mindset and they start thinking about who is likely to have executed this perfectly legal, but altogether wicked, strategy the Koch brothers, would likely be on their short list, since they loom rather large in the consciousness of the Left. The Koch brothers play a role for the Left, similar to what our Kenyan born Muslim president, who cannot salute properly and plays too much golf, plays for the Right.
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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.