Comparing Estate Tax Law to Hegel
Posted: Thu Sep 11, 2008 10:18 pm
In the recent case of Estate of Jelke v. Commissioner, 507 F. 3d 1317 (11th Cir. 2007) (holding that the value of a decedent's minority interest in a closely-held investment holding company must be reduced by 100% of the corporation's built-in capital gains tax liability), Judge Edward Carnes begins his dissent with this marvelous opening line:
Great stuff.The tax code is nowhere near the center of my intellectual life, and
generally I find estate tax law about as exciting as Hegel’s metaphysical theory of
the identity of opposites.