Whistleblowing Can Be A Business
The court went through a “hobby loss” type analysis to determine whether Mr. Bagley was engaged in a trade or business. He passed most of those tests – profit motive, acting in a business-like manner, expertise, time and effort – with flying colors. He even convinced the Court he was not enjoying himself, although this does seem like a situation fraught with the potential for schadenfreude.
Michigan Collects Use Tax On Illinois Resident's Rhode Island Yacht
Originally published on Forbes.com Aug 22, 2013 It looks like John Podmajersky will be paying the State of Michigan nearly $100,000 in use tax on his 65 foot yacht, the...
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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.