“Creative oral accounting” really?? I think one could apply the infamous term “fuzzy math” here as well.
If Arnold can pull this crap, then I say we should all be allowed the same during the next IRS audit we have to do. “Oh yes, that money there, it was orally mentioned to my husband, and there may be a sticky note in a file somewhere, let me take 2 months and see what I can come up with”
LOL
It is easy to see why Arnold was overtaken by the special interests in CA. So much for his promises and promise.
He will leave the state bankrupt and with declining prospects as tax payers and corporations leave. Increased illegal immigration, declining level of education and higher taxes. What a combination. The Golden State is golden no longer.
Some of us will hang on as part time non-residents, but will no longer expose ourselves to the high taxes and declining return.