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“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not
by maxlybbert 8y ago
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes” (New York Judge Learned Hand).
If people abuse tax exemptions and deductions, it makes sense to ask why those exemptions and deductions exist. But it doesn’t make sense to me to demonize the taxpayers. Especially since I doubt many celebrities (Bloomberg’s target) actually make any of these tax decisions on their own. They hire accountants to worry about that while the celebrities show their concern and political bona fides in public.
- deleted 8y ago[deleted]