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Old Rich Guy Makes It Clear Where He Stands on Taxes

Posted on October 6, 2010 by Caleb Newquist

“The question is, Do we get more money from the person that’s gonna serve me lunch today, or do we get it from me? I think we should get it from me.”

Posted in Quote of the Day, TaxTagged Rich guys, Tax cuts, Warren Buffett

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Next: Accounting News Roundup: Ernst & Young Reports Sluggish Revenues; Obama Shifting Tax Rhetoric; Wipfli Makes Another Acquisition | 10.06.10

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  • Quote of the Day

For Starters, PwC Pays Their Attorneys a Lot of Money

  • Caleb Newquist
  • July 13, 2010

“How can any self-respecting attorney still argue – and any lucid judge still believe – that PwC’s global firm is not just a sham legal construct, an artificial vehicle for the strongest member firms to control and potentially exploit their weaker ones, all under the guise of ‘improving quality and seamless delivery to multinational clients…’ ?”

~ Francine McKenna still isn’t buying it.

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Quote of the Day: Dear Abby Should Not Be Giving Advice About Taxes | 04.14.10

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  • April 15, 2010

Dear Ms. Van Buren:

Your response to “Phobic” about her boyfriend’s tax returns contained a significant error. You characterized enrolled agents as “the only tax specialists licensed to practice before the IRS,” which is not true. The fact is, certified public accountants and attorneys are federally authorized to represent clients before the IRS.


The CPA has long been synonymous with reliable, objective tax preparation and ranks as the preferred tax professional among millions of U.S. taxpayers.

On behalf of the many CPAs who prepare tax returns every year, we would be appreciative if you would print a correction in your column.

~ Tom Ochsenschlager, Vice President – Taxation American Institute of Certified Public Accountants, in response to this.

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Accounting Convergence Will Claim Some Bodies

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“I am proud to say that so far my fellow board members and our staff, both FASB and IASB, have risen to the occasion. But I do fear potential burnout, as it’s not so easy to be running a marathon at sprint speed.”

~ Bob Herz, admitting that maybe these accounting wonks might be working too hard.

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