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December 4, 2022

Footnotes: Trust No Non-GAAP; A Big Fake; Who Pays the Most Taxes? | 12.11.13

These are the top ten most overused buzzwords on LinkedIn for 2013 [LinkedIn]

Facebook will join the S&P 500. Shareholders like this. [BB]

The sign language interpreter at Nelson Mandela's memorial service was not a sign language interpreter at all “He was a complete fraud,” Cara Loening, director of Sign Language Education and Development in Cape Town, told Agence France-Presse. “He wasn’t even doing anything. There was not one sign there. Nothing. He was literally flapping his arms around.” [NY Daily News]

Now is the time to make those end-of-the-year charitable contributions. You all may laugh at my cat herding activities but let me tell you, I get one hell of a deduction come tax time. [8 News Now]

SHOCK AND AWE: there's a gap between GAAP and non-GAAP numbers [IBTimes]

A CPA firm has billed a small town in MO extra for having to fix its crappy finances. Blame first, fix later. Mayor Troy Dickens said the errors involved mistakes made in the filing of payroll taxes, reconciling of funds and budget bookkeeping. He said many of the difficulties were because of City Clerk Cindy Leimkuehler not having a full grasp on the job when she replaced Debbie Eggers last year. “There were problems because of wrong information given the auditors by the city, but there were some problems caused by the auditors, too,” said Dickens. “The thing is, we’ve got to be able to go through an audit without issues. This was a long and arduous ordeal we went through.” He noted that not only is the city facing payment of an additional bill for the audit, but it may also have to pay a penalty to the IRS for unpaid payroll taxes. [Daily Journal Online]

I bet you're wondering whatever happened to Leslie Seidman. Now you know! [WO]

Hey Paul Ryan, Grover Norquist Would Like His Promise Ring Back [Slate]

The rich do not pay the most taxes, they pay ALL the taxes Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent…pay negative 9 percent. [CNBC]

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