Celebrity tax troubles, high-profile scandals, and what the ultra-wealthy get away with — or don’t — when it comes to taxes.
I’m been following the conversations on Warren Buffett and his concerns about the tax system and have to say that I find it fascinating. When one of the wealthiest men in the world criticizing our tax system as “tilted towards the rich,” it’s time to take notice. The original video (from 2007) has been removed…
Pennsylvania State Senator Vincent Fumo has lately found himself in a whole heap of trouble. He is facing a whopping 139 indictments including 2 counts each of filing false tax returns and aiding and assisting in the filing of false tax returns. To pay for some of his massive legal bills in conjunction with the…
A judge has refused Wesley Snipes’ request to postpone his upcoming tax evasion trial. Snipes’ lawyer, Robert G. Bernhoft, reportedly filed the motion because of a fear that Snipes’ former attorney Daniel Meachum would not be physically fit for the trial. Additionally, Snipes also felt that trial attorney William R. Martin was ill-prepared for the…
Joe Francis isn’t the only celebrity who is figuring out that the consequences of breaking the law aren’t nearly as cool as it looks on TV. It’s not just a cute mug shot and a spot on Larry King. Jail sucks and courts aren’t nearly as amenable to working around your schedule as you’d think….
If there’s a Girls Gone Wild 2008 Spring Break Edition, Joe Francis won’t be closely involved. The mega-rich, mega-troubled founder of the Girls Gone Wild empire will likely remain in jail until April 29, since his trial for tax evasion charges has been postponed. The trial was originally scheduled to begin today. He has not…
Not to be outdone by the Irish, the Russian tax authorities are making noise about a crackdown on taxes paid by the super-rich. However, as opposed to tax breaks, the Russian Federal Tax Service is concentrating on tax evasion as a source of wealth. There’s no question that there is a giant disparity in the…
Notwithstanding the train wreck that is Britney Spears these days, there has been a lot of criticism of Kevin Federline’s requests for child support and spousal support. Initially, K-Fed was receiving (according to TMZ.com) $15,000 per month in child support with joint custody, and an additional $20,000 per month in spousal support. The amount of…
Issuing a stern “cheater, cheater, pumpkin eater” warning to New England Patriots coach Bill Belichick, the NFL handed down a steep fine which will cost the Super Bowl coach $500,000. The Patriots were fined half of that, $250,000, in the same scandal for stealing an opponent’s defensive signals. And adding to the “ouch” factor, NFL…
The band ‘N Sync isn’t the only one singing, “Bye Bye Bye” these days. Former Backstreet Boys and ‘N Sync manager Lou Pearlman will find out how hard it is to say goodbye to his lakefront Orlando home ($7.1 million) and an Atlantic City, New Jersey condominium ($335,000). A bankruptcy judge has approved the sale…
There’s Trouble in New York. And he’s rich. Trouble, the beloved Maltese belonging to Leona Helmsley, is the beneficiary of a $12 million trust fund, according to her will, which was made public Tuesday in surrogate court. Helmsley’s brother, Alvin Rosenthal, was named Trouble’s caretaker. Helmsley’s only child, Jay Panzirer, died at the age of…