|
When I was working as a clerk at a sporting-goods store, a woman came
up to my register with a package of white athletic socks. "Will you
open this up so I can see how the socks feel?" she asked.
Reluctantly I tore open the package, and she scrutinized the
merchandise. She handed me the package, saying, "I'll take them."
Relieved, I started to ring up the sale, until she interrupted me.
"Can I have another pack? This one's been opened."
Two paramedics were dispatched to check on a 92-year-old man who had
become disoriented. They decided to take him to the hospital for evaluation.
En route, with siren going, they questioned the man to determine his
level of awareness. Leaning close, one asked, "Sir, do you know what
we're doing right now?"
The old man slowly looked up at him, then gazed out the ambulance window.
"Oh," he replied, "I'd say about 50, maybe 55."
The U.S. Tax Code is pretty complex, but sometimes there are little
nuggets of clarity that really make sense. Yesterday in my class we
read from the Internal Revenue Code.
Section 708(a) of the Internal Revenue Code states: "...an existing
partnership shall be considered as continuing if it is not terminated."
I guess it's just like an individual shall be considered as alive if
he or she is not dead.
|