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Facade Easement Deduction Allowed

Facade Easement Deduction Allowed

So Ms. Simmons probably did not get much of a free lunch out of this whole thing.  At the maximum rate she would have saved about $34,000.  If they were using the same rate schedule then as now she had to pay L’Enfant about $10,000 (maybe call it $7,000 after tax).  Interestingly L’Enfant charges based on the fair market value of the property, not the easement.  In order, I imagine,  to discourage last minute Louies, as my mother used to say, the fee varies from 42 to 60 basis points depending on when in the year you make the donation.  That leaves about $27,000 in tax savings before you start in with the appraiser and the lawyers.

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Social Security Number May Be Mark Of The Beast But That Will Not Save Your Job

This is not the first time this issue has been litigated.  It went up to the Eighth Circuit in Seaworth v Pearson in 2000 and to the Ninth Circuit in Sutton v Providence St. Joseph Medical Center.  In both those cases, it was held that being forced to “violate the law” would be an undue hardship on the employer.  It seems though, that what the law requires is for the employer to ask for the number and the regulations provide a procedure for employers who don’t receive it.

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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.