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TODAY'S BAD TAX PLANNING MOVE
November 09, 2004
Maybe this sounded good at the time somehow, but nothing on the surface of this tax planning strategy seems promising:
1. Stop filing tax returns.
2. Create a website where you boast about not filing tax returns.
3. Run for Congress on a platform that nobody is required to pay income tax.
Last week Art Farnsworth's bid for Congress and his tax planning both came up short. Last Tuesday Mr. Farnsworth received 4,000 votes in Pennsylvania's 8th Congressional District; on Friday he was arrested and jailed for tax evasion.
Perhaps he didn't do enough to draw attention to himself.
Professor Maule urges more criminals to run for office on a full-disclosure platform. The TaxProf has the links.
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