Sorry, Rus, I wasn’t questioning your personal principles. I just thought I’d read once that, when it came time to define tax law for the self-employed, the tax law principle was established that separation of the annual increase in business value between immediately taxable income and deferrably taxable gain was done using a fair value for the working / managing contribution of the owner to the business. Once you go from principles to practice, it gets complicated, but I thought that was the general guiding principle in this area. I am no tax authority, so I just don’t know if I got that right. I am sure it’s somewhere, but I don’t have the expertise or energy to look it up.
