Posts Tagged ‘learned hand’

Judge Learned Hand: Not Bound to Best Pay

Posted by admin on Monday, April 4, 2016

Judge Learned Hand Money Quote saying we all have the right to make certain we pay lowest level of taxes. Judge Learned Hand said:
 
Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury Quote
 

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury” — Judge Learned Hand

 

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In this quote, Judge Learned Hand is expressing the view that individuals and businesses have the right to legally minimize their tax burden through savvy planning and structuring of financial affairs. While paying taxes funds important government services, Hand suggests taxpayers are not obligated to simply maximize their tax payments if there are legal means available to lessen the tax impact.

His perspective implies that optimizing one’s tax situation through allowable deductions, credits, exemptions or other strategies should not be seen as unethical or problematic behavior as long as it follows tax rules.

Overall, the quote conveys Hand’s position that citizens acting in their own self-interest to keep taxes as low as possible through compliant tax planning is a reasonable and acceptable approach according to both the letter and spirit of the tax code.

Judge Learned Hand: Taxes Low as Possible

Posted by admin on Sunday, April 3, 2016

Judge Learned Hand Money Quote saying we need to understand that there is no reason for either rich or poor to pay more than minimum taxes required. Judge Learned Hand said:
 
Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands Quote
 

“Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands” — Judge Learned Hand

 

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In this quote, Judge Learned Hand is further expanding on his view that taxpayers have no obligation to pay more in taxes than what is legally required. He asserts that courts have repeatedly upheld the position that there is nothing improper about organizing one’s financial affairs to minimize taxes owed as much as possible.

Hand notes that this applies to all individuals “rich and poor alike,” as reducing taxes is simply a rational response to incentives created by the tax code. His perspective is that taxpayers “do right” by seeking the lowest tax burden according to the letter of the law, as no citizen has a “public duty” to pay more to the government than what is explicitly demanded based on their circumstances.

Overall, the quote conveys Hand’s judgment that minimizing taxes in compliance with regulations should not be seen as suspect or problematic behavior for any taxpayer.

Learned Hand on Two Taxation Systems

Posted by admin on Saturday, April 5, 2014

Judge Learned Hand Money Quotation saying those who are knowledgeable about the tax code will legally pay less taxes than those who are ignorant of it. Judge Learned Hand said:
 
In america, there are two tax systems: one for the informed and one for the uninformed. Both are legal Quote
 

“In america, there are two tax systems: one for the informed and one for the uninformed. Both are legal” — Learned Hand

 

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