Originally posted by Uncle Ted
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One thing I remember is one of the presenters explaining why the tax code is so complicated. He indicated that oil tax breaks were changed except if your oil holdings were held in a Trust created between September and December of 1960 (dates are made up as my memory isn't good enough to remember the exact dates).
The question was asked as to why those dates are significant. No one could answer. He then went onto to tell us the chairman of the ways and means would not let the tax changes through unless his Trust was excluded from the changes.
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