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WAYNE NEWTON CARNIVAL
August 01, 2005
Prepare for the upcoming Iowa State Fair by visiting this week's Carnival of the Capitalists at the "Local Small Business Marketing & Advertising" Blog.
The Carnival is a weekly roundup of economics and business weblog posts. My favorite is the discussion of Wayne Newton's tax troubles:
The feds say he omitted income, took improper deductions for mortgage interest, maintenance and security at his residence, and shouldn't have written off a $51,950 loss on the sale of two antique cars. In a just-filed U.S. Tax Court lawsuit with wife Kathleen, Newton, 63, said many of the disputed items were justified by a business need to maintain "an image of larger-than-life glamour, sophistication and elegance."
Larger than life sophistication and elegance. Yeah, I need to deduct some of that, too!
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Comments
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Now, see, I always pictured you as more the Porter Wagoner (or was that Lyle?) type.
I'm constantly amazed by the incredible (and incredibly lame!) excuses people invent to explain why they broke the law.
Sheesh!
Posted by: hgstern | August 1, 2005 2:42 PM
Yeah, a lot of people have noticed the resemblance...
Posted by: Joe Kristan | August 1, 2005 3:35 PM