Remembering When The Corporate Tax was Accidentally Cancelled. A Chat with Jim Wetzler.

Send us Fan MailWe chat with James Wetzler about the time a legislative mistake accidentally abolished the corporate tax in 1975. This leads to other discussions, including when the New York State Tax Authorities tried to impose sales tax on a kids lemonade stand, the dilemma that arose when the tax authorities seized pornographic videos from a delinquent taxpayer, and the strange situation where an IRS auditor uncovered evidence of a murder.Near the end, we also briefly discuss the deterrent effect of the new excise tax on share repurchases.