Issue
Is a gift of future income on an estate includable as income (because the bequest is made of the income of the estate and not the estate itself)?
Read more about this topic: Irwin V. Gavit
Famous quotes containing the word issue:
“For Banquo’s issue have I filed my mind;
For them the gracious Duncan have I murdered;
Put rancors in the vessel of my peace
Only for them; and mine eternal jewel
Given to the common enemy of man,
To make them kings, the seeds of Banquo kings!”
—William Shakespeare (1564–1616)
“If someone does something we disapprove of, we regard him as bad if we believe we can deter him from persisting in his conduct, but we regard him as mad if we believe we cannot. In either case, the crucial issue is our control of the other: the more we lose control over him, and the more he assumes control over himself, the more, in case of conflict, we are likely to consider him mad rather than just bad.”
—Thomas Szasz (b. 1920)
“Most people see no reason to stop arguing just because an issue has been decided.”
—Mason Cooley (b. 1927)