Hi All,
I just saw a gem in the New York Times. Evidently the famous actor Wesley Snipes has been found not guilty of income tax evasion. The story is that Snipes became involved in the tax denier movement after the IRS hit him up for a 2 million dollar bill back in 1999. For those of you who don’t know about the tax denial movement – they say the income tax is unconstitutional because the 16th amendment was never properly ratified. Its nonsense, but whatever.
Uncle Sam went after Snipes, alleging that he had committed a variety of fraudulent and other illegal actions in the course of becoming involved with the tax denial movement. Well, it seems that a court sided with Snipes just yesterday. He was found not guilty of the major felonies charged against him, but was nailed on 3 misdemeanour counts of failing to his 1040s. He’ll probably get probation and a modest fine.
Check out the NY times story. Old Wesley looks pretty happy about the outcome.
I can’t say I blame Snipes. I pay my taxes, but if the federal government tried to hit me up for a 2 million dollar bill, I might go a little ape myself.
Best,
James
Like DINKS? Subscribe!
Subscribe to get the latest DINKS Finance content by email.
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've been up to our eyeballs in debt and have made tons of financial mistakes. However, we've successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
{ 0 comments… add one now }