Wisconsin Will Tax Its Native Wandering Stars – The Stickiness Of Domicile
Domicile is “sticky”. To change it, you need to not only uproot, but also to settle down, at least for a while, someplace else. If you are thinking about becoming a wandering star, you should consider carefully where you will push off from. If it is a high tax state, be prepared for them to want to hang on to you.
Sixth Circuit Highlights S Corporation Perils In Broz Decision
Owners of multiple S Corporations and their advisers remind me of parents, usually fathers, who accidentally pour the orange juice on the Cheerios and then tell the kid to eat it since it is all going to the same place anyway.
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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.