“It isn’t [my idea] to have the rich pay more taxes. It’s to have the ultra-rich pay more,” he said on Bloomberg Television Friday. “It isn’t to have the rich pay more taxes. It’s to have the ultra-rich who are paying very low tax rates pay more taxes. There’s all kinds of ultra-rich who pay normal taxes, but there is a small segment–but you can find them very easily–who pay very low taxes, including me. People who make money with money only pay very low taxes at very high levels of income. … What I’m talking about would probably apply to 50,000 people out of 310 million in the country. [BBR/The Hill]
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More Tax Clients for Ludacris (or His CPA)
- Caleb Newquist
- March 31, 2010
As you’re no doubt aware, the IRS has taken exception with the notion that many of our favorite celebrities and athletes can do no wrong. As detestable as this thought might be, Doug Shulman and his merry band of tax collectors are not impressed with these pillars of the community turning a blind eye to their patriotic obligations.
Some of the latest examples of celebrity tax avoidance:
• Corey Feldman – Technically it’s Corey Feldman Inc. that owes the IRS $31k but same diff.
• Faith Evans – Widow of Notorious B.I.G. Grammy winner. Soon-to-be reality TV star. The combination of these things somehow doesn’t allow her to scrape together $360k.
• Mel Blount – Okay, we have to admit that we don’t know who the hell this guy is but the sports historians and the entire city of Pittsburgh are probably familiar. For everyone else – he’s a former Steelers’ cornerback that was elected to the Hall of Fame in 1989. He owes taxes for every year from 1994 to 2006 (with the exception of ’07) for grand total of $652k. Seriously, this is f—ing ridiculous. Even Nicolas Cage manages to file a tax return once a decade. There’s not one CPA in all of the ‘Burgh that can help this guy?
As the title indicates, our advice to these people is to get in touch with Luda “I pay more in taxes than most people would ever imagine” cris ASAP. Whether he’s mastered TurboTax or managed to find a solid CPA, it doesn’t matter because, as you might recall, “you will never hear about Ludacris owing the damn IRS no damn money.”
Source: Tax Watchdog
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Tax Preparers Use Valentine’s Poetry to Express Their Busy Season Problems
- Jason Bramwell
- February 14, 2022
Happy Valentine’s Day! Believe it or not, our friends on #TaxTwitter possess talents that stretch […]
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Congressman Todd Akin Doesn’t Want ‘A goon squad of 5,000 IRS agents tromping around the country’
- Caleb Newquist
- February 17, 2011
AS PREDICTED! Republican Congressman Todd Akin of Missouri could barely wait 48 hours before falsely asserting that the new 5,000 employees at the IRS will all be agents that will be breaking down the doors of every freedom loving American to fleece them for every last dime.
“Don’t call me Clay” Akin was giving Treasury Secretary Geithner a hard time about President Obama’s budget yesterday when he thought it necessary to start calling people – Americans that pay taxes, no less – names:
The back-and-forth began after Akin questioned Geithner about President Obama’s fiscal 2012 budget, which includes spending increases for the IRS that could reportedly lead to thousands of more staffers at the agency. The Missouri congressman said he thought energy might be better spent simplifying the tax code. “Not to mention the fact that it’d make us all look better if we don’t have a goon squad of 5,000 IRS agents tromping around the country with the economy the way it is,” Akin said.
Right. Because you looking good is what’s most important, right Congressman? Geithner, not really impressed with a two-bit fly-over representative giving people in his house shit, tried explaining to him that most of the new employees would work in “customer service or information technology [rather] than enforcement” but this fell on deaf ears:
[T]hat argument did not assuage Akin very much. “’I’m from the IRS. I’m here to help you,’” the congressman said. “That’s hard to sell in the state of Missouri.”
Akin probably didn’t think to ask the employees of the nine IRS locations in Missouri about this. Maybe some of them would be able to explain how, you know, working for the IRS is how they put food on the table, put clothes on their kids, etc. etc. etc. You know, the rhetoric you like to use, Congressman.
Republican calls IRS agents a ‘goon squad’ [The Hill]