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Monday, September 26, 2005 

Another Corporate Scandal (But This Time, the IRS is On Trial)

LINCOLN, Neb. (AP) - Billionaire investor Warren Buffett is expected to testify in the trial of his investment firm's lawsuit accusing the Internal Revenue Service of “erroneous, wrongful and illegal" interpretation of the U.S. Tax Code, and denying it $16.3 million in tax deductions.

This time, who will be the high profile “rich white guy” that the gets sent to Jail? Our government obviously was too busy busting corporate fat-cats to notice that it was “cooking the books” itself? HR-25, the Fair Tax is looking more and more appealing… except to the IRS and tax lobbyists.