Article Date:
November 2006


Word Count:
165

 

 

Fiscal Lunacy Award #17


In another effort to cut discretionary spending, the IRS is hacking out 45% of its estate tax lawyers. The lawyers getting the ax average $2,200 of revenue (think gross billings) for each hour they work.1 If the IRS paid these lawyers $100,000 a year, the profit margin would be substantial, far in excess of $2,100 an hour (think net profits).

 

How would you like to have 157 people working for you who generated profits of $2,100 an hour? That’s what we ... Log in to view full article.

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