Quote of the Day

Judge Learned Hand (yes, his real name) wrote in the 1935 2^nd Circuit decision Helvering v. Gregory:

“Any one may so arrange his affairs that his taxes shall be as low as possible: he is not bound to choose that pattern which will best pay the Treasury: there is not even a patriotic duty to increase one’s taxes.”

Helvering v. Gregory, 69 F.2d 809, 810 (2d Cir. 1934), aff’d 293 U.S. 465, 55 S.Ct. 266, 79 L.Ed. 596 (1935).