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QUOTE OF THE DAY
August 25, 2005
In discussing whether a lawyer includes payments in income when he prepares wills for members of his church, who donate cash to the church in return, Professor Maule observes:
Several participants pointed out that "it does not make sense" to treat the donations as the lawyer's gross income. There's something to be said for this position. Yet, it is not unusual for the tax law to require an outcome that does not make sense.
Truer words were never spoken.
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