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Tax avoidance series earns New York Times reporter a Pulitzer Prize

I love it when my profession, journalism, coincides with my passion, taxes.

Pulitzer_logoThe latest occurrence is the 2012 Pulitzer Prize in Journalism just awarded New York Times reporter David Kocieniewski for his tax series "But Nobody Pays That."

The award was in the explanatory reporting category for work that "illuminates a significant and complex subject, demonstrating mastery of the subject, lucid writing and clear presentation, using any available journalistic tool."

The Pulitzer committee commended Kocieniewski for authoring a "lucid series that penetrated a legal thicket to explain how the nation's wealthiest citizens and corporations often exploited loopholes and avoided taxes."

In an interview about the series, Kocieniewski described sifting through the tax code as "Sudoku for investigative reporters."

You're probably most familiar with the series segment on how despite the United States' high corporate income tax rate, many big companies don't pay any taxes and some even get refunds.

This tax code quirk -- yeah, let's keep it all PG and call it a quirk -- was the talk of all other old and new media, including here at the ol' blog.

In addition to the plaudits, Kocieniewski will receive $10,000.

And yes, as I'm sure Kocieniewski well knows, the prize is taxable income.

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