Quote History Quoted:
Learned Hand said it best:
"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 forced exactions, not voluntary contributions. To demand more in the name of morals is mere cant."
"Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Trrasury"
(Citations omitted) (excuse iPhone typos)
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Quote History Quoted:
Quoted:
If there is no transfer then there is no transfer tax. It really is that simple.
JPK
Learned Hand said it best:
"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 forced exactions, not voluntary contributions. To demand more in the name of morals is mere cant."
"Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Trrasury"
(Citations omitted) (excuse iPhone typos)
Have you read the case in which that quote is from? Here's another quote from that case:
"The rule which excludes from consideration the motive of tax avoidance is not pertinent to the situation, because the transaction, upon its face, lies outside the plain intent of the statute. To hold otherwise would be to exalt artifice above reality and to deprive the statutory provision in question of all serious purpose."
(Helvering v. Gregory)