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Stephen Baldwin Arrested Over $350K Tax Bill
Posted by Andru Edwards Categories: Movies, Legal Issues, Rumors,
Stephen Baldwin has been arrested over an alleged unpaid $350,000 tax bill.
The 46-year-old actor is accused of failing to pay income tax in Rockland County, 15 miles northwest of Manhattan, for the years 2008, 2009 and 2010 and was bailed pending a February 2013 court appearance.
Rockland County District Attorney Thomas Zugibe told the New York Daily News, "At a time when Rockland County and New York State face severe fiscal shortfalls, we cannot afford to allow wealthy residents to break the law by cheating on their taxes. The defendant's repetitive failure to file returns and pay taxes over a period of several years contributes to the sweeping cutbacks and closures in local government and in our schools."
The arrest comes six months after a court rejected born-again Christian Stephen's claim that he and a friend missed out on a lucrative contract with oil company BP thanks to Kevin Costner and his business partner in oil cleanup, Patrick Smith.
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Charlie Sheen Helps Lindsay Lohan Pay Debts
Posted by Andru Edwards Categories: Movies, Television, Kind Acts, Rumors,
Charlie Sheen is allegedly helping Lindsay Lohan pay back her debts.
The former Two And A Half Men star reportedly sent the 26-year-old troubled actress a check for $100,000 to cover almost half of her hefty tax bill after they bonded while filming Scary Movie 5 together.
A source close to the Liz & Dick star told gossip website TMZ.com that she and Charlie became very close while filming the movie in September and talked about everything including her enormous debts. The 47-year-old father-of-five is said to have instantly offered to write her a check to help her out and she declined. But according to insiders, she was overjoyed when he sent the generous check directly to her business manager last week and immediately used it to pay off a huge chunk of her $233,904 tax bill.
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Flo Rida Hit with $1 Million Tax Bill
Posted by Andru Edwards Categories: Music, Rumors,
Flo Rida has been slapped with a $1 million tax bill. The chart-topping rapper - whose real name is Tramar Dillard - reportedly owes the IRS $1,040,777.45, and the federal agency has put a lien against his home in Southern Florida giving them the ability the sell it to secure the payment.
The IRS filed legal documents against the 32-year-old "Wild One" hitmaker in Miami-Dade County Court on September 7, which state that he hasn't filed taxes since 2009. Flo Rida, who has produced on a string of hits including singles with T-Pain, Alexandra Burke and The Saturdays, purchased his 2.3-acre estate for $1.6 million two years ago.
The rapper - who is currently on a European tour - is just the latest in a string of celebrities such as Lauryn Hill and Nicolas Cage to be issued a large tax bill.
The rapper has been plagued by legal issues recently. Bosses of a security company have filed a lawsuit against him, claiming he failed to pay his bill for an alarm system they installed at his home. They are demanding payment plus interest amounting to $47,134 but Flo Rida claims he never authorized the work.
Lionel Richie Owes $1.1 Million in Taxes
Posted by Andru Edwards Categories: Music,
Lionel Richie reportedly owes over $1.1 million in unpaid taxes. The soul singer, who resides in Los Angeles, has been hit with a lien - an official claim against his property - for the payment of his debt which totals $1,130,609, according to TMZ.com.
The musician has racked up a huge number of hits over the years, including "Hello," "Dancing On The Ceiling" and "Easy Like Sunday Morning," and according to legal documents he is worth a reputed $200 million.
If Lionel - who recently released a duets album, Tuskegee, featuring new versions of his greatest hits - fails to pay the bill then the American government could repossess his property to clear the debt. His representative is yet to comment on the claims.
The 62-year-old star - the father of Nicole Richie - will next appear alongside Kelly Clarkson, Jennifer Nettles and Robin Thicke as judges on new TV show Duets.
Nicolas Cage Settles $6 Million Debt
Posted by Andru Edwards Categories: Movies, Legal Issues,
Nicolas Cage has settled $6 million of his tax debt. The Ghost Rider: Spirit of Vengeance actor has cleared almost half of the $13.3 million debt he owes for taxes in 2002 to 2004 and 2007 after he paid off $6,257,005.
Nicolas has blamed his former business manager Sam Levin for his problems, though he has countered this, claiming actor was overspending. "Over the course of my career I have paid at least $70 million in taxes. Unfortunately, due to a recent legal situation, another approximate $14 million is owed to the Internal Revenue Service (IRS), however, I am under new business management and am happy to say that I am current for 2009. All taxes will be paid including any to be determined state taxes," he said in 2010.
The 48-year-old actor's spending is legendary, and Sam has claimed that by 2008 the star owned "15 palatial homes around the world, four yachts, a Gulfstream jet and millions of dollars in jewelry and art."
Nicolas was forced to sell off many of his assets, including properties in California, Las Vegas and New Orleans as well as a British castle, yachts and a 67-million-year-old dinosaur skull worth $276,000.
General Motors officially opposes Washington State Electric Vehicle Tax
Posted by Andrey Malskiy Categories: Corporate News, Transportation,
GM went on the record opposing Governor Christine Gregoire on Senate Bill 5251. For those of you not familiar with the bill, it would impose a $100 annual tax on electric vehicle owners to make up for lost revenue not paid in gas taxes.
GM’s Regional Director Howard Lenox, Jr. wrote "A fee which singles out electric vehicles will be a disincentive to the growth of the electric vehicle market in Washington State. As a practical matter, there are so few vehicles on Washington's roads today that their impact in replacing fuel tax revenues will, for now, be negligible."
Now, we understand where the Lenox is coming from, but has he sat through 405 traffic in the morning? Seattle area traffic is some of the worst in the nation. The bill is supposed to generate $1.9 million dollars in lost revenue by 2017. However, it's still subject to approval by Washington state voters. It’s reported that Arizona, Oregon, and Kansas are among other states to pass similar bills.
How about you? Would you oppose or support Senate Bill 5251? Leave your answers in the comments letting us know!
Richard Hatch Re-Arrested After TV Interview
Visit msnbc.com for Breaking News, World News, and News about the Economy
UPDATE: Richard’s sister and attorney claim the arrest was a result of him doing the interview.
Richard Hatch is having a very interesting day.
Early Tuesday morning, Hatch’s interview with Matt Lauer - the one where he claimed homosexuality was a factor in his wrongful conviction - aired on the Today show. Hours later, the Survivor winner was once again behind bars.
Richard, who recently served nearly four years in prison on tax evasion charges, had been under house arrest at his sister’s home in Newport, R.I. Although he was due to be released from home confinement on Oct. 7, he was picked up by authorities today for reasons undisclosed by federal authorities.
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Dolce and Gabbana to be fined for tax evasion?
Posted by Andru Edwards Categories: Fashion Designers, News,
Domenico Dolce and Stefano Gabbana could be facing a fine of $1.2 million. The designers’ finances have come under investigation following the sale of the Dolce and Gabbana and D and G brands to their Luxemburg-based company Gado Sri. Italy’s excise and revenue police have now confirmed their recommendation is for the duo to be charged with tax evasion and abuse of rights and suggested the massive fine.
Investigators allege Gado is a legal entity set up to avoid higher tax rates in Italy, but the duo insist they have paid all taxes relating to the sale and that figures mentioned by the police are “completely abstract”. The designers said: “We will tell the 3,800 employees of the companies, which compose the group, that we have paid all that was due and that we will strenuously defend ourselves to avoid being unjustly forced to pay for something that never existed in the first place. This higher taxable sum is a virtual figure we have never received, the result of a theoretical accounting exercise.”
Global Cooling
Posted by Sal Traina Categories: Editorials, Taxes,
Why do people believe politicians when they talk about things other than politics? Why are the only scientists that say the earth is warming, the only ones getting government grants? I wish people would realize that this “Global Warming” is nothing more than a scam to collect more taxes.
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You Cannot Multiply Wealth By Dividing It
Posted by Sal Traina Categories: Editorials, Taxes, US Economy,
How great does this quote by the late Baptist pastor, Adrian Rogers, relate to what our government is trying to do? I wish people weren’t so uninformed.
You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation.
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