Saturday, April 6, 2013

Keeping the Uppity In Their Place Since 1913




Actor Wesley Snipes is seen in an undated booking photo provided by the United States Marshall Service.
This man was torn from
his family and imprisoned
for trying to keep
the money he earned.
Actor Wesley Snipes has been released from prison, having served a three-year sentence for tax evasion.  There is no reason anyone should have to face such harsh punishments in connection with earning a living (no matter how much you make) unless the earning of that living violates the rights of other people.

For future reference, Mr. Snipes, if you want to avoid the income tax, take a page from the Louis B. Mayer tax avoidance playbook:

Section 329 of the Revenue Act of 1951 applied to one person in the country: Louis B. Mayer, head of Metro-Goldwyn-Mayer studios (MGM).  Mayer is never mentioned by name.  His lawyer, Ellsworth Alvord, simply described a unique situation of Mayer's, and anyone who could show that the description pertained to them would receive the benefits of Section 329.  Alvord had close connections with the Senate Finance Committee and used these connections to have Section 329 inserted into the Revenue Act of 1951, saving Mayer nearly $2 million in federal income tax.  (What would that amount to in today's money?)

I am connected. Hear me roar.



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