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1. Does Femme really have to file Federal income tax returns and pay Federal income taxes, or is Femme’s coworker who refills the water coolers and vending machines correct that filing income taxes is voluntary since taxpayers can refuse to pay income taxes based on moral grounds by invoking the First Amendment. Why or why not? 2. Besides the Federal income tax, what other taxes will Femme pay on Femme’s Old School Software Inc. wages, and on Femme’s earnings from Killer I App, Inc.? 3. Between Short Term Capital Management and Buy And Hold Forever Investment Management, which is the better investment? Why?
