CHAPTER 4

Exclusions—Tax-Free Money

“Thank God we don’t get all the government we pay for.”

WILL ROGERS

“When men get in the habit of helping themselves to the property of others, they cannot easily be cured of it.”

“The history of our tax code, in economic terms, mirrors the course of most addictions: advancing dependence, diminished returns, and deteriorating health of the afflicted.”

A 1909 EDITORIAL OPPOSING THE VERY FIRSTINCOME TAXThe New York Times

“When Congress talks of tax reform, grab your wallet and run for cover.”

SENATOR STEVE SYMMS of Idaho

“You understand it, Stanley. I almost understand it. Now I must go out and teach it to 2,000 agents who have to apply it, and God help the millions of people who have to live with it.”

AN INTERNAL ...

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