How the Experts Break Out Of Gridlock
June 1, 1996People who are stuck in traffic get impatient. When caught in legislative gridlock, the temptation to take a shortcut across the median is too strong for some to resist. This explains why tax officials are resorting to scare tactics to make policy changes that the Clinton administration has no prayer of getting through Congress. It’s the newest thing in democracy: legislation by announcement. Want to get in on the game? …
IRS Takes Shot at Split-Dollar Life
June 1, 1996Riddle: What kind of rifle should a blind hunter use? A loud one. If he misses the target, maybe he can scare it to death. Some recent pot shots by the Internal Revenue Service against a popular planning technique, “split-dollar” life insurance, recall our blind hunter. It may not matter that the Service seems to be firing in the dark. Split-dollar life has always been something of an adventure, so …
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