August 16, 2010
Hey, here’s one for the record books (although I don’t know if it’s for Stupidest Excuse or Least Logical Thinking):
Idaho hired some temporary tax auditors to go after delinquent taxes. The state spent about $2 million for them, and the temporary auditors brought in $30 million over and above what the permanent staff did. That’s a 15-1 return on the investment.
This year, however, the government is being cautious about hiring the auditors back because the returns may not be as great. It will re-hire in stages, and the initial auditors will have to bring in at least a 7-1 ratio before the state will hire more.
Math was never my strong suit, but doesn’t bringing in more money mean—well, more money? If they even got a 2-1 return (now, check me here), wouldn’t that be good?
Maybe instead of the Guiness Book of World Records, we should call Ripley's Believe it or Not!