Best Definition of a Tax Audit

By Jim on June 24, 2009

This is a perfect definition for an IRS audit – at least on the corporate side.

I am mystified by the quip in the last panel, but the line in the middle panel deserves to live in infamy.

Lawrence June 24, 2009 at 11:57 am #

Hi, Jim. It’s good stuff. The “vig” or vigorish is the small cut taken by a bookie in a bet, so for the IRS agent, it’s his price for doing the bidding of gov-co — i.e., his salary. Nobody uses these terms anymore unless they’re in the business, but Howard Stern used to talk about this stuff all the time. Nobody under the age of 60 would be familiar with it. Much like a decent “sense of outrage” about government wrongdoing and torture (IRS related or not), this vocabulary is slipping down the memory hole along with non-hypocritical forms of Christianity.
Jim June 24, 2009 at 12:33 pm #

Larry – thanks for the explanation.

Now I can finally understand my bookie.