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Tax Loopholes No Longer Patentable

Posted by samzenpus on from the getting-rid-of-stupid dept.

Knowzy writes "A section of the America Invents Act disallows issuing a patent 'on a strategy for reducing, avoiding or postponing taxes,' according to Forbes. The article describes one such strategy in some detail. The USTPO has already issued 161 of these 'business method type' patents. 167 more were pending. The law only applies to future patent applications, leaving enforcement of existing patents an issue for the courts to decide."

1 of 278 comments (clear)

  1. Re:FLAT TAX by snowgirl · · Score: 3, Informative

    What world do you live in?

    In the United States at the end of 2001, 10% of the population owned 71% of the wealth and the top 1% owned 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth.

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    WARNING! This girl exceeds the MAXIMUM SAFE standards established by the FDA for BRATTINESS