In partisan voting, the Senate has voted down the Buffett Rule, ensuring, for the time being, that Warren Buffett's secretary and other worker bees will continue to pay a higher percentage in taxes than some of their employers who use the tax rules to their advantage.
I take comfort in knowing that as long as there is a revenue-based tax, there will be complaints of unfairness and plenty of jobs for tax accountants. Perhaps it's time to reopen the debate on consumption-based taxation with exemptions for basic costs of living.
Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.
Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.
Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.
Caleb spends a lot of time on a bicycle and reading, but never at the same time.