There is a lot to be said for that plan.
The savings in time & $ by avoiding preparation using tax attorneys, preparers and individual preparation would be huge.
It would be dwarfed, however, by the savings from eliminating distortions of good business practices caused by working to optimize tax payments and the $ spent developing those plans. Imagine if a business could set up it’s accounting practices and corporate structure in the manner that best suited it’s functions.
The savings and freedom to develop an estate plan that didn’t give up control of one’s estate before death to avoid government confiscation would also be huge.
While I’m on a roll...
Federal Claims Court - 16 positions
Eight vacancies; Four Trump appointments; One Bush and Three Obama appointments
Five nominees in the pipeline
Additionally announced 11/19: Kathryn C. Davis, of Maryland
That will leave two open seats. When the named nominees are confirmed the count will be 10 Trump, 1 Bush, 3 Obama & 2 vacancies.
Looking at the purview of this court I am again glad that it will be dominated by Trump nominees for at least 15 years.
The court, as now constituted, consists of 16 judges, appointed by the President and subject to confirmation by the U.S. Senate for terms of 15 years. In addition, judges who have completed their statutory terms of office are authorized to continue to take cases as senior judges of the court. This ongoing tenure serves as a mechanism to ensure judicial impartiality and independence.
In recent years, the court’s docket has been increasingly characterized by complex, high-dollar demands, and high-profile cases in such areas as, for example, the savings and loan crisis of the 1980s, the World War II internment of Japanese-Americans, and the federal repository of civilian spent nuclear fuel.
Nevertheless, despite the nature of the claim, the notability of the claimant, or the amount in dispute, the Court of Federal Claims acts as a clearing house when the government must settle with those it has legally wronged. As observed by former Chief Judge Loren A. Smith, the court is the institutional scale that weighs the government’s actions against the standard measure of the law and helps make concrete the spirit of the First Amendment’s guarantee of the right “to petition the Government for redress of grievances. (wiki)