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Some People Need to Get Some Perspective on This Tax Cut Compromise

Posted on December 15, 2010 by Caleb Newquist

“The fact that the Republicans got a reduction in the death tax from 55 percent to 35 percent I think made the deal even better. […] I’m a little surprised that some Republicans are scoffing at it.”

~ Steve Forbes can’t quite believe what he’s hearing.

Posted in Quote of the DayTagged Estate tax, Rich guys, Tax cuts

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Next: Accounting News Roundup: Many Americans Aren’t Sold on Tax Deal; Pretax Cap for Commuting Stays Put; PwC Flooded with Apps in UK | 12.15.10

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  • Quote of the Day

Quote of the Day: Accountant Argues for Naked News | 03.17.10

  • Caleb Newquist
  • March 18, 2010

“She would be prepared to read the news without clothes and only wears the clothes because her employer requires it.”

~ An accountant representing Sian Williams, co-host of BBC Breakfast one, trying to convince a tax tribunal that her clothes should be tax deductible because she has “to look good on screen.” He failed.

  • Big 4
  • Quote of the Day

Head of UK’s Audit Cops Says Out Loud What We Were All Thinking About the Big 4

  • Jason Bramwell
  • November 16, 2021

“If you were the head of audit at one of the Big Four and you […]

  • Quote of the Day

Handicapping Ernst & Young

  • Caleb Newquist
  • November 2, 2010

Ernst & Young, take my word for it, will never be indicted by the U.S. government, as a firm, for its role in any Lehman fraud that’s eventually proven. It’s also highly unlikely – 1000 to 1 odds I’d say – EY will be fined by the SEC or the PCAOB, as a firm, in a civil or disciplinary case.

~ Francine McKenna says it’s a longshot.

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