tag:blogger.com,1999:blog-4033270.post113028024212908249..comments2023-10-30T08:41:14.356-04:00Comments on Tax & Business Law Commentary: Foreign WindfallStuart Levinehttp://www.blogger.com/profile/04917401637732122101noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4033270.post-1130431463164032912005-10-27T12:44:00.000-04:002005-10-27T12:44:00.000-04:00Federal Reserve Chairman designate Beranke believe...Federal Reserve Chairman designate Beranke believes that the Earned Run Average unfairly favors relief pitchers.<BR/><BR/>Runs are attributed to the pitcher who allows the runner despite a relief pitcher's performance or culpability in allowing the run. If a pitcher allows a runner on first and is pulled for a relief pitcher, he is charged with that runner even if a subsequent pitcher walks in the run with three staight walks. Beranke wants the statistic to be weighted to reflect the subsequent pitcher's performance.<BR/><BR/>Now doesn't this raise an obvious question about inheritance taxes. Let's aay an octagenerian zillionaire dies today. His heirs and lawyers are devout readers and followers of this blog and immediately cough up the maximum death tax allowed. It would be credited to Bush, no? Why? It's highly probable that a previous administration created the policies that allowed such longevity or promoted the growth of obscene wealth. Probably Reagan. So give it to the Gipper. Let history judge his deficit smaller that W's. Keep the books open to give credit where credit is due.<BR/><BR/>But what would tax law be without exceptions? When Paris Hilton or Anna Nicole Smith hump that last hump, credit it to Bill Clinton. It only seems fitting.Anonymousnoreply@blogger.com