No. of Recommendations: 20
intercst: "Never too early to do your 2018 tax planning."

I would remind the critics that tax planning is

"Any one 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 Treasury; there is not even a patriotic duty to increase one’s taxes."
— Learned Hand, Chief Judge of the USCA, 2nd Circuit (and per Wikipedia, as of 2003, Learned Hand has been quoted more often by legal scholars and by the Supreme Court of the United States than any other lower-court judge.)

"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."
— Learned Hand. Ditto.

"[T]here is nothing wrong with a strategy to avoid the payment of taxes. The Internal Revenue Code doesn’t prevent that."
— William H. Rehnquist, Chief Justice

"Avoidance of taxes is not a criminal offense. Any attempt to reduce, avoid, minimize, or alleviate taxes by legitimate means is permissible. The distinction between evasion and avoidance is fine yet definite. One who avoids tax does not conceal or misrepresent. He shapes events to reduce or eliminate tax liability and upon the happening of the events, makes a complete disclosure. Evasion, on the other hand, involves deceit, subterfuge, camouflage, concealment, some attempt to color or
obscure events, or making things seem other than what they are."
— Internal Revenue Service

And I am certain that all the critics also do tax planning, as noted by Judge Learned Hand.

Regards, JAFO
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