Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is:
If 105% of gross receipts * * * does not satisfy the requirement, then 225% is in the same boat but another ocean.
PPL Corp. and Subs. v. Commr., ___ F.3d ___ (3d Cir. 2011)