What happens to you or me if we stiff the IRS for half a mill?
this post was submitted on 06 Oct 2023
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Ask Wesley Snipes.
Yeah, but he's black.
What happens to white people if we stiff the IRS for half a mill? Judging by Nicolas Cage, nothing.
We would negotiate a payment plan and make installment payments. And if we fell behind they would file a tax lien on our assets.
Hey, that's exactly what they did with Rudy!
Nothing.
To owe 500,000 in taxes probably means you have enough money that the IRS wouldn’t go after you.
Now if you owe them $50? Straight to jail you disgusting poor.
Imagine not having to pay taxes.
It sure sucks being an average person.
Great; now put him where they put Wesley Snipes.
Not really the same sort of case at all. Wesley didn't file returns for years despite earning millions in that time, his accountant wilfully violated the law, and when the IRS asked for the money anyway, he responded with a bunch of sovereign citizen bullshit.
Guilliani is under a formal payment plan with the IRS, and I assume from the lien he fell behind on payments.
How do you walk around owing this much money?
Here's my guess as both an employee who owes tens of thousands of back taxes and an employer with employees that I sometimes receive garnishment notices for...
Because he isn't in one place all the time, because I assume his payments come from a variety of ever-changing sources, and I imagine because Trump & Co just throw garnishment notices in the trash - they haven't been able to do much.
I mean, eventually they might show up at his doorstep (rare as far as I know). The last time I heard that happening was legitimately ignoring notices for 3-4 years.
The IRS is understaffed and underfunded for a reason. And it sucks.
They're fixing the last line of that. Republicans parred it back some it's still seeing substantial budget increases. You can see the 10 year timelines.
The tax enforcement budget would see a 69.2% increase relative to the pre-IRA projection. I forget what the size of the debt limit deal cutback was, but my recollection is that it was not enough to change the core fact that the IRS is going to see substantial improvements to its budget and especially to its enforcement arm.
EDIT: Worth highlighting that stories like this one are exactly why republicans hate the idea of the IRS being properly funded.
Awesome.
Old, drunk and broke. What a way to go through the last of your life,
He could have retired as "America's Mayor," had all the shit he had done before 9/11 swept under the rug, and coasted for the rest of his life. Instead he hitched his wagon to an even bigger conman, and will die destitute.
He could have but he was compromised by Russia.
Getting to the "old" part seems like an achievement.
For the person, it's better than the alternative
I like that they saw The Daily Mail reporting on it and waited for a better source, like you always should with the worst tabloid in the world.
That being said, this is one of the least surprising headlines I've read all year 🤷
This degenerate owes all his ex wives more. I guess co starring in Borat 2 didn’t pay much.
Got some perv points out of it.
Al Capwnd?
Hopefully what goes around comes around. I do wonder how much Trump owes him in legal fees? Would love to see that boil over when the screws tighten
This is the best summary I could come up with:
Former Trump attorney Rudy Giuliani owes more than half a million dollars in federal taxes and faces a lien on a property he owns in Florida, according to a recent court filing.
The unpaid balance of $549,435.26 in federal taxes for 2021 was revealed in an August notice that said the IRS was placing a lien on Giuliani's property in Palm Beach, Florida.
The Daily Mail first reported Giuliani’s tax debt, which comes as he faces mounting legal woes, and fees.
Last month, Giuliani's former lawyers sued him over allegations that he had not paid legal fees that they said amounted to $1.36 million.
Reached for comment Thursday about the unpaid federal taxes, Ted Goodman, a spokesperson for Giuliani, said: “Mayor Giuliani is suing Joe Biden for defamation, and I get asked about a potential tax issue.
NBC News reported last month that Trump hosted a fundraiser at his golf club in Bedminster, New Jersey, to help a legal defense fund for Giuliani, who was charged alongside him and 17 other people in the Georgia election interference case.
The original article contains 272 words, the summary contains 178 words. Saved 35%. I'm a bot and I'm open source!
Wonder if he got paid extra to refer to his client as "Mayor Giuliani".
Creepy old motherfucker hasn't been the mayor of shit for 22 years.