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To: zeestephen

So he blew all the money he made on Jersey Shore and didn’t save any of it to pay taxes. Gee, who could have seen that coming . . . .


3 posted on 09/24/2014 1:33:16 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Opinionated Blowhard
So he blew all the money he made on Jersey Shore and didn’t save any of it to pay taxes.

Much worse than that, according to the prosecution.

From the article: "According to the indictment, the Sorrentinos earned about $8.9 million between 2010 and 2012, mostly through two companies they controlled, MPS Entertainment and Situation Nation. They allegedly filed false documents that understated the income from the businesses as well as their personal income. Mike Sorrentino also is charged with failing to file taxes for 2011, a year in which he earned nearly $2 million. The brothers also allegedly spent millions of dollars on personal expenses they claimed were for business. In 2012, for example, the brothers filed documents with an unnamed accounting firm in Staten Island that claimed $3.9 million in business expenses, according to the indictment released by U.S. Attorney Paul Fishman."

If you accurately report your income on your tax returns but don't have the money to pay the tax, the IRS collections people will chase you, but those kind of cases virtually never result in a criminal prosecution. Lying on your tax return, or not filing a return at all, are what will land you in prison.

11 posted on 09/24/2014 1:41:59 PM PDT by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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To: Opinionated Blowhard

Great,, now he’s going to have get back in front of the camera to pay of his debt . .


18 posted on 09/24/2014 2:12:56 PM PDT by ßuddaßudd (>> F U B O << "What the hell kind of country is this if I can only hate a man if he's white?")
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To: Opinionated Blowhard

Likely a liberal....

And he just got mugged by reality.

Seriously, a lot of people have no concept of what income taxes are, other than an opportunity to get a refund, because of automatic payroll deduction.

The situation just learned about taxes...and if we eliminated automatic payroll deduction, anyone with a job would learn all about taxes.


26 posted on 09/24/2014 2:28:43 PM PDT by lacrew
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