Showing posts with label Multiverse. Show all posts
Showing posts with label Multiverse. Show all posts

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.]

http://lawandthemultiverse.com/2011/02/28/a-little-bit-of-legal-ethics/