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View Diary: Tax Loopholes, Just Another Way to Lie and Cheat The American People! (11 comments)

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  •  bacalove - cheating through the use of loopholes (0+ / 0-)

    As long as someone follows the tax law they cannot lie and cheat the American people. Be critical of the tax laws, but not the taxpayers. One of the most famous appellate judges of his generation, and a well know progressive, said it best in a 1947 case, Gregory v Halvering 69 F.2d

    "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. Over and over again the Courts have said that there is nothing sinister in so arranging affairs to keep taxes as low as possible. Everyone does it, rich and poor alike, and all do it right, for nobody owes any public duty to pay more than the law demands."

    Judge Learned Hand
    U.S. Court of Appeals  

    "let's talk about that"

    by VClib on Fri Oct 29, 2010 at 12:22:51 PM PDT

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