Current Tax Reform Push Less Promising Than 1986
The primary theme is “Hooray for tax simplification, but not in my back yard”. There was one exception that I noted, 3M Company would throw the R&D credit and accelerated depreciation under the bus in exchange for lower rates. Of course, after we get the Internal Revenue Code of 2014 enacted, they might be back in 2016 explaining how much better things were when we had an R&D credit.
White House Agrees DOMA Should Be Repealed But Dianne Feinstein Not A Traitor
While many countries mandate the use of the metric system by law, the U.S. Congress has repeatedly passed laws that encourage voluntary adoption of the metric system. We use a mixture of metric and customary units depending on the context. We also have a long tradition of voluntary standards and our bilingual system of measurement is part of that tradition.
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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.