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Air America's Owners No Strangers To Fraud (Old Tax Shelter Scammers)
WizbangBlog.com ^ | 7/30/2005

Posted on 08/19/2005 7:37:04 AM PDT by Pessimist

.. The Drobnys, on their joint federal income tax return for 1979 (prepared by Sheldon Drobny), claimed certain losses as deductions in connection with their investment in the aloe vera research and development programs. In 1983, the Illinois District Director of the IRS (based in Chicago, Illinois) disallowed these deductions, after determining through investigation that they were part of an impermissible "tax shelter" scheme..


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KEYWORDS: airamerica; drobny; franken; fraud
True liberals know that the rules don't apply to them.
1 posted on 08/19/2005 7:37:04 AM PDT by Pessimist
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To: Pessimist

The democrat party is nothing more than a vast criminal enterprise.


2 posted on 08/19/2005 7:40:56 AM PDT by FormerACLUmember
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To: Pessimist

I don't like the Air America people any more than anybody else. 1979 was a very bad time to be filing taxes, and the IRS has not always been consistent with its applications of rules. It could well be that the Drobnys acted in good faith (or their accountant did) on their return.

Lots of different people from Ronald Reagan to Redd Foxx have had problems with the IRS. This did not make them criminals.

The problem is when people who justly try to take every deduction possible (Yes, including Slick's Jockeys), including loopholes which are often there on purpose (even mortgage deductability has been called a loophole by some), want to further empower the IRS, and raise taxes on everybody.



3 posted on 08/19/2005 7:43:50 AM PDT by sittnick (There's no salvation in politics.)
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Comment #4 Removed by Moderator

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