Community, Diversity, Sustainability and other Overused Words
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A 37-year-old man was convicted by a federal jury yesterday in connection with placing a lit firebomb at the entrance of a Jewish senior health care facility in Massachusetts last year. Following a week-long trial, John Rathbun, of Massachusetts, was convicted of one count of attempting to transport or receive explosive devices in interstate or foreign commerce with the knowledge or intent that the device will be used to kill, injure or intimidate any individual and one count of attempting to...
Let's start with what we know.... President Biden's American Families Plan contains tax proposals with major implications for IRS Section 1031 like-kind exchanges. If adopted, they would land the following 1-2 punch: Limit the cumulative amount of gain to $500,000 an individual ($1 million a married couple) can defer from taxation on the increased value of exchanged investment property; Tax the undeferred portion at ordinary income rates for taxpayers with adjusted gross income over $ 1 million....
Courts & Rulings CHP not liable for shooting by drunken off-duty officer Conclusory allegations pinning blame on the California Highway Patrol for a non-fatal shooting by one of its deputies while drunk and off-duty did not suffice, the Court of Appeal for this district held yesterday, affirming a judgment of dismissal which followed the sustaining of demurrers without leave to amend. Justice Kenneth Yegan of Div. Six wrote the opinion, which was not certified for publication. Metropolitan...