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| This graphic to the right doesn’t make one proud to be a Washingtonian. And a big part of the reason is Washington, like Florida, has no state income tax. So the sales taxes, the property taxes and all the other “taxes” just keep climbing on the poor while the rich get richer. Oregon needs a sales tax and they need to use some of the money [...] Krugman has an article today, Alice in financeland, that shows how sometimes following accounting rules leads to apparent absurdities. Because of market to market accounting rules and credit default swaps he says: …Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up. This is part of the problem of “too big [...] Image via Wikipedia Being a tax professional, I have to deal with client situations concerning a “little” cheating. This video describes what happens when people think that they will not get caught. It is too late for the Madoffs, Stanfords and Ken Lays of the world but perhaps the rest of us can learn something from this. var wordpress_toolbar_urls = ["http:\/\/upload.wikimedia.org\/wikipedia\/en\/5\/57\/Spies_Like_Us_-_Cheating_on_test.png","http:\/\/en.wikipedia.org\/wiki\/Cheating","http:\/\/reblog.zemanta.com\/zemified\/0a4d1ce4-497b-4135-bffb-99a7f9a24596\/"];var wordpress_toolbar_url = “http://www.democracyforvancouver.org/wp-content/plugins/wordpress-toolbar/toolbar.php”;var [...] | Available Streams 2    | ||||
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