Simon Says: A Liddle Night Music with Those Depreciation Deductions, Please
Tax Notes, Vol. 69, p. 617, 1995
27 Pages Posted: 28 Jan 2009
Date Written: January 27, 2009
This 1995 article, co-authored with Joseph M. Dodge, explores why the decision in Simon v. Commissioner, 103 T.C. 247 (1994), was wrong, effectively allowing premature deduction of a capital expenditure and, thus, consumption taxation (as opposed to income taxation).
Keywords: depreciation, antiques, musical instruments, income taxation, consumption taxation
JEL Classification: H20, H24
Suggested Citation: Suggested Citation