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Showing posts with the label Moore v US; Tax; IRS; realization

Moore vs. US, Why It's an Important Tax Case

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  AI drawn picture.  As to taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine.             Alexander Hamilton   This is not a line in a song from the musical Hamilton . It’s an actual quote from Hamilton, the nation’s first Secretary of the Treasury and the architect of our governmental financial system. Although the creation of the IRS (1862 some 58 years after his death) was years away, Hamilton and other Founding Fathers long knew that the fledgling republic could not survive without some kind of taxation system in place to pay the costs of the Government. General Washington needed money to arm his soldiers. President Washington needed money to run the country. Currently in the news is the tax case of Moore vs. USA . The case deals with a couple residing in Washington state who invested in a controlled foreign corporat