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F. Lee Bailey Was No Tax Court Virgin

F. Lee Bailey Was No Tax Court Virgin

Bailey might have reflected on that in his own case.  He actually won on a couple of at least moderately complex legal issues but he got absolutely creamed on substantiation.  That one sentence “The burden of proving deductions is on the taxpayer” is something that Bailey should have remembered.

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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.