Wednesday, March 2, 2011

Best Blog in the Multiverse

Is Superman an alien but citizen of the good ole USA? Can he leap a cease and desist injunction in a single bound? Did the She Hulk in her human form as an attorney improperly solicit a client? Questions like those have always bothered me.

If Darth Vader were Luke's father, who would have given birth to him?

[Martin asks “if Superman crushes carbon and makes diamonds, is that taxable income? I would think if he made it into a ring and gave it to Lois the government might want a percentage.”

There are two questions here. First, are the diamonds taxable income for Superman (or Clark Kent) and second, are they taxable income for a recipient such as Lois Lane?

The answer to the first question is “probably not.” A traditional, almost fundamental principle of income tax is that a gain in value must be realized before it can be taxed, although the definition of “realized” has expanded over the years, somewhat eroding the principle.]

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