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Ms. Piggy at the Trough
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From the LA Times, comes this story about Arianna Huffington, one of the 135 candidates for governor who has criticized 'fat cats' for avoiding taxes, but paid no individual state income tax and just $771 in federal taxes during the last two years. She denies taking advantage of loopholes and unfair deductions.

According to the Times, she

    lives in an 8,000-square-foot home in Brentwood above Sunset Boulevard that is valued at about $7 million. She socializes with many wealthy and prominent people.

    But the returns show that at least for the last two years, her income was far outweighed by losses that she reported were incurred by Christabella Inc., the private corporation she owns and uses to manage her writing and lecturing business.

    In announcing her candidacy last week, Huffington blamed California's fiscal crisis, in part, on the corrupting influence of special interest groups that have helped "corporate fat cats get away with not paying their fair share of taxes."

    Failing to close corporate tax loopholes, she argued, would "be a slap in the face of all the hard-working taxpayers being forced to dig deeper and deeper in their pockets so the well-connected can pad their bottom line."


Yes, indeedie!

Ms. Huffington's most recent book discusses tax loopholes and abuses by the wealthy and it's entitled Pigs at the Trough...I guess it takes one to know one.


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