"It is really type of symbolic of plenty of the problems we see with the tax code right now," Carl Davis, a senior analyst with Citizens for Tax Justice, advised me, "of how needlessly polluted and sophisticated and loophole ridden it can be."
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Despite these absurdities, Geller claimed he however saw the need to safeguard farmland. He chose to try to hash out a compromise While using the point out's farm lobby that could restrain a number of the extra flagrant abuses in the loophole.
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Some junk from the tax code, while, is not just odd. all through a stop by to Florida this thirty day period, I turned acquainted Along with the point out's have notoriously Weird loophole which, in contrast to the mainly benign examples above, costs untold millions of dollars on a yearly basis.
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081(4) was declared an unconstitutional for depriving Homestead Exemption from a widow of the veteran determined by extremely restrictive requirements for exemption. See: Dep't of income v. Bell
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