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499
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11632
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10abion
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9albion

Catskill NY Pagan Phryganium Exempt From Real Estate Taxes

The Phryganium is located in Palenville, NY. Palenville is a “hamlet” that is part of the Town of Catskill.  When Nancy McCoy, Assessor for the Town of Catskill, looked at the Phryganium, she thought she saw a run-down inn that a few women lived in and not much in the way of religion going on.  So in her view, the Phryganium and its surrounding property belonged on the tax rolls.

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Cigarette Importer Sees $300M Deduction Go Up In Smoke

Cigarette Importer Sees $300M Deduction Go Up In Smoke

There were a lot of little bits of advice that I received early in my career that I thought it best not to take.  One of them was recommending to clients that they put any disbursements of dubious deductibility into purchases since nobody ever looks there.  Somehow I doubt that that was the reasoning behind Vibo deducting $295,549,083 of MSA obligations, both present, and past, as part of its cost of goods sold (COGS) for 2004.

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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.