Tuesday, October 28, 2003

Funny Jim Hightower column in the local paper, The Islander, about corporate tax deductions, specifically "cost of doing business" deductions. Excerpt:

How far it can wander was made clear by Dennis Kozlowski, the now-disgraced honcho of Tyco. As an essential, tax-deductible expense, Dennis included most of the tab for a $2 million party he threw for his wife Karen's 40th birthday in Sardinia, Italy. This gay gala featured a life-sized ice sculpture of Michelangelo's famous statue of David, complete with vodka streaming from the statue's penis into the crystal glasses of Dennis' delighted guests.

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