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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

What's sauce for the goose . . .

By Megan McArdle
May 1 2008, 12:11 PM ET Comment

In the comments to yesterday's post about Al Franken's tax woes, Curmudgeon asks:

Post Enron, I thought 'I just did what my accountants said' was no longer a valid excuse - legally or in the court of public opinion. Isn't this is the same excuse Skilling and Lay used?


This is not quite the same thing. For starters, as I undertand it, Al Franken wasn't engaging in concealing his financial position--he paid taxes on the income in Minnesota, when he should have paid taxes on it in seventeen different states. For another, the CEO of a corporation should expect to be reasonably familiar with the principles of financial accounting, and the various implications of moving substantial liabilities off balance sheet. Expecting a comedian to understand the tax law is somewhat less reasonable.

People pay their accountants to look at their records and tell them whom, and how much, to pay. Al Franken reasonably relied on his accountant to tell him to do the right thing. If he'd tried to conceal the income, I wouldn't have much sympathy, but he didn't. He just paid the taxes to the wrong place.

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