The Only Comment On Camp Tax Proposal You Need To Read – And Some Others
So when you are doing your simplifying don’t even think about messing with the GHI deduction and the JKL credit. As a matter of fact, you probably should beef them up a bit and get busy on the MNO exemption that we have been asking for. Other than that, chop away at those special tax breaks and give us a simpler Code.
Another Northwestern Mutual Life Insurance Tax Disaster
One thing that you should do is have your life insurance policy serviced by a qualified agent, who won’t let you get blindsided like this. It is probably not that great an idea to use a policy that you want to stay in force as a liquidity source. If you are upside down maybe, there is a way to keep the policy alive. You can’t tell from the case what the face of the policy and the spread between the dividend and borrowing rate were.
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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.