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Posted: 3/22/2017 9:44:28 AM EDT
[#1]
Quote HistoryQuoted:
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) Quote HistoryQuoted:
Quoted:
If there is no transfer then there is no transfer tax. It really is that simple. JPK "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) "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) |
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Posted: 3/22/2017 10:00:48 AM EDT
[#2]
Quote HistoryQuoted:
Lol ok I'm tracking with you now. OP is so buried under law school debt that another $200 for a transfer kills his deal. No one but a recent law grad would quote Learned Hand. Judge Learned Hand... RIP. JPK |
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Posted: 3/22/2017 10:15:17 AM EDT
[#3]
No school debt here, I'm just the nerd that took every tax class offered.
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Posted: 3/22/2017 10:24:06 AM EDT
[#4]
Quote HistoryQuoted:
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) JPK |
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Posted: 3/24/2017 12:22:28 AM EDT
[#5]
Buying a used silencer is about the same as marrying a 57 year old crack whore. If you are going to get screwed paying a $200 tax and waiting for months, pick a nice young one that isnt used up by every gun in your neighbors gun safe.
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