Tax Rascal

Race Car Champs, Prostitutes, Biden, Palin, and Other Tax Miscreants

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Race Car Champs, Prostitutes, Biden, Palin, and Other Tax Miscreants

Today’s taxosphere is still busy digesting the new bailout, but there’s plenty of other business to discuss. A pair of high-profile tax evasion cases have gotten some attention, the credit crisis is considered in more detail, and the Biden/Palin vice-presidential debate features some gaffes on both sides.

Lots of the latest tax stories revolve around political issues — the Presidential campaign, Congress’ giant new bailout package — but most of the compelling tax issues are still in the background. Let’s hope more attention is paid to the minor things that add up (arrowheads, rum, and frequent audits), rather than just the attention-grabbing headlines. Barring that, I’m hoping for some more entertaining tax evaders.

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