Was JD Salinger Facing A Major Estate Tax Problem ?
The part of the litigation that would be really interesting to the Agent From Hell is this affidavit by Phyllis Westberg. She opines that a sequel to Catcher in the Rye written by Salinger would command an advance of at least $5,000,000. It would seem that the “complete history of the Caulfield family” would qualify as at least equivalent to a sequel. Throw that in with what may turn out to be the greatest World War II novels ever and some other stuff and AFH will be arguing that there must be something like $50,000,000 worth of manuscripts in that safe.
Study Shows Taxpayers With Balance Due More Likely To Cheat
Doctor Rees-Jones finds, however, that there is significant bunching near zero balance due and that bunching is more pronounced the higher the income. I suppose that you could attribute that to just being accurate in estimated payments. There is more.
The bunching at close to zero balance due is associated with what the Professor calls “income shocks”, the type of income events that are harder to predict
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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.