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NOT-ENTIRELY-REASSURING QUOTE OF THE DAY
December 08, 2004
Treasury people call this legislation a sea change, but I think it's probably more accurate to call it a tsunami.
-Fred Oliphant, Miller & Chevalier Chartered, discussing the new deferred compensation tax rules enacted in October. (Via Tax Analysts)
What is a "sea change," anyway? Mr. Google comes up with this.
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