Maybe I'm just buying the company line, but the zealousness with which the IRS and the media are going after tax shelters these days seems to border on an old-fashioned witch hunt.
It’s no secret that as the tax code grew more and more complex over the past couple of decades (aided and abetted by our elected officials who have repeatedly and resoundingly opposed a simpler tax system), attorneys and accountants set to work to devise strategies to help clients avoid overpayment of taxes. Clients demanded it, and the market filled the need.
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