Gee, I wish I had his problems.
Posted on 04/12/2018 8:24:32 AM PDT by Responsibility2nd
John Paulson won fame after he made one of the greatest financial bets of all time. What comes next? One of the largest-ever personal tax bills.
By April 17, the hedge-fund manager must make federal and state tax payments of about $1 billion, on top of roughly $500 million in taxes he paid late last year, said people close to the firm. That sum is so big it dwarfs the maximum amount the Internal Revenue Service will allow any single taxpayer to pay with a single check. (That’s $99,999,999, in case you’re wondering.)
Mr. Paulson bet big against subprime mortgages ahead of last decade’s financial crisis, earning about $15 billion of profits for his funds and approximately $4 billion for himself. He deferred the bulk of the taxes on these profits, using a tax provision available at the time to hedge-fund managers, said the people close to the firm. Now the bill is due.
(Excerpt) Read more at msn.com ...
Gee, I wish I had his problems.
I hope he’ll be okay. Does he have a GoFundMe page for us to help out?
Holy Smokes what was his Gross?
so sad...
He was portrayed in the movie The Big Short by Christian Bale.
http://www.imdb.com/title/tt1596363/?ref_=nm_flmg_act_5
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