Thursday, February 5, 2009

Taxes optional

Geithner, Daschle, Killefer, a group it seems like Barack-Star's cabinet choices have an awful lot of tax problems. Well, quit making them feel bad. I'm sure these have been honest mistakes. Besides--they're in good company:

Willie Nelson: sold off most of his personal belongings to settle a $16 million tax bill.

Dr. Martin Luther King, Jr.: Arrested in February 1960 for falsifying his income tax returns. He was acquitted in May with the help of then Prez John Kennedy.

Boxing promoter Don King was charged with tax evasion in 1991, but the case was dismissed when a mistrial was declared.

Actor/Comedian Richard Pryor served ten days in the LA County Jail for tax evasion in 1974.

World famous Tenor Luciano Pavoratti was convicted of tax evasion in 1999, and ordered to pay $11 million to the Italian Courts. He was again accused of tax evasion by his hometown of Modena in 2001. He was acquitted of those charges and spared what would have been an $18 million fine.

Failure to pay four years worth of taxes sent gangster Al Capone up the river for 11 years.

Singer-songwriter Chuck Berry pled guilty to tax evasion and performed 1,000 hours worth of benefit shows after serving four months in prison.

Disc jockey Alan Freed, the first to use the phrase "rock & roll," faced charges of tax evasion and commercial bribery in 1962 after accepting money from musicians in exchange for airtime. His suspended sentence of six months and a $300 fine cost him his career.

Sophia Loren: After being charged with tax evasion in 1982, actress Sophia Loren spent 18 days in an Italian prison.

Leona Helmsley: For failure to pay her fair share, Queen Leona was sentenced to almost two years in prison and paid a $7 million tab in 1990.

Vice President Spiro T. Agnew pled no contest to one count of tax evasion in October 1973. Agnew resigned after receiving three years probation and a $10,000 fine.

Maybe we should just call a moratorium on all taxes and print some more money. I think I'll ask my banker friend, Ed, about that.

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