City Taxes Trip Up Investment Advisor Restructuring
So the owner employees instead of getting a flow through from an S corporation were now getting a flow through from a partnership. Six of one, half a dozen of the other? Maybe for federal and state income tax, but not for the New York City Unincorporated Business Tax, which at 4% is nothing to sneeze at.
Pickett’s Charge 150 – Aftermath
As we walked to our car I asked CV what her overall impression was. She said that she was strongly reaffirmed in her belief that war is stupid, irresponsible, obscene and a waste of human life. She thinks there is a better way to resolve conflict than sending your children to be slaughtered. (She had been really impressed by the comment by one of the interpreters that over 100,000 Civil War soldiers were under fifteen, some as young as nine.) She thinks that if we were to spend as much money on learning skillful conflict resolution as we do on war and preparations for war, we would be a world at peace. She thinks we associate war with honor, duty and integrity, but it is really about slaughtering your children.
Follow Me
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.