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Expenses at the ranch totaled nearly $2.6 million, according to tax papers, but the ranch hosted only about 100 children, the Journal said.

Is Imus also using that phony tax exemption whereby assets are donated to a so-called charity and out of the eyes of the taxman---but are kept by the charity in perpetuity, rather than being redistributed to the poor.

1 posted on 03/25/2005 5:31:24 AM PST by Liz
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To: Liz

Imus says, that he put in $1 million of his own money. So he paid $1 million for a $20 million dollar house. Check out Arcitectural Digest. Has alot of pictures in it.


2 posted on 03/25/2005 5:37:31 AM PST by Holicheese (This is Hockey East)
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To: Liz
Imus is so over it's pathetic. Other than this, nobody talks about Imus anymore.

He hangs with all the liberal weenies and he's probably exchanging emails with Maureen Dowd on how to cope with cramps and hot flashes.

3 posted on 03/25/2005 5:40:19 AM PST by Doctor Raoul (Support Our Troops, Spit On A Reporter)
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To: Liz

I think attacking Imus's ranch for kids is really crappy.
I'm not a fan of his, but it's obvious he's devoted to helping and providing for those kids.


5 posted on 03/25/2005 5:42:29 AM PST by nuconvert (No More Axis of Evil by Christmas ! TLR)
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To: Liz

It's about time they're looking at this phoney scam artist.


6 posted on 03/25/2005 5:44:14 AM PST by KenmcG414
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To: Liz
Although he took issue with the inquiry, Imus aimed his angriest venom at The Wall Street Journal for a story he described as "a hatchet job" and its author, whom he called "a dishonest punk."

The NYP didn't get it right. Imus referred to Robert Frank (WSJ) as an SOB and called him a "g.d. punk." I heard it.

Critics, including rival radio jock Howard Stern

Now there's a reputable source.

8 posted on 03/25/2005 5:45:19 AM PST by leadpenny
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To: Liz

Imas is a phony and the IRS needs to shut him down.


12 posted on 03/25/2005 5:52:17 AM PST by bmwcyle (Washington DC RINO Hunting Guide)
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To: Liz

Imus IS a cow.


14 posted on 03/25/2005 5:53:15 AM PST by subterfuge
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To: Liz

Just like so many of us drunks in recovery, he forgot to "Keep It Simple".


22 posted on 03/25/2005 6:01:27 AM PST by Crawdad (The following statement is false. The preceding statement is true.)
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To: Liz

A multi-million-dollar ranch that hosts only a handful of kids a year? I have always been suspicious of
the ranch handling such a low number of kids per year.

In the meantime, Imus excoriates all sorts of people on his program for alleged abuses of the public trust and the public treasury. But when he comes into the crosshairs - well - that's another story, isn't it, Imus?

You can dish it out OK, but you sure can't take it.


23 posted on 03/25/2005 6:01:35 AM PST by Alonzo
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To: Liz

The article and the investigation both sound like total BS to me. I'm no big Imus fan by any means, but the left has been after this guy for several years due to the politically incorrect humor on his show; e.g., taking shots at gays, blacks, Ted Kennedy, etc.

The real charges seem to be that Imus spends too much money per child and that he and his family live on the ranch for free. As far as the first goes, his is not the only children's charity like this and Imus made the parameters very clear from the beginning.

As far as second charge goes, yes, he and his wife do manage this working cattle ranch for part of year, supervising kids and employees.

This whole thing is an exercise in harassment.


37 posted on 03/25/2005 6:15:34 AM PST by zook
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To: zip

ping


39 posted on 03/25/2005 6:16:14 AM PST by Mrs Zip
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To: Liz
Imus has a trophy wife and a trophy charity.
40 posted on 03/25/2005 6:16:54 AM PST by Malesherbes
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To: Liz

Is Imus actually a living breathing person? Whenever I watch him in the morning he never moves, blinks or breathes, and it is his partner sitting across the table who grunts for him. I think Imus is a bigger hoax played on the American people than the missing money.


41 posted on 03/25/2005 6:17:00 AM PST by swampfox98 (Michael Reagan: "It's time to stop the flood.")
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To: Liz
Below is my post from yesterday. Today, Spitzer has given the Imus Ranch a clean bill of health and will not be involved in this matter.

" The big problem here is Imus himself. No one will ever accuse him of being "humble." Gratuitous insults and tricky multilevel commentary are his trademarks.

"Looking at the ranch as a business, I am willing to bet he is right--a majority of the alleged expenses is a result of accrual based depreciation. It would be best if he summarized a cash income statement, a cash flow statement and an assets determination.

"All he has to do to correct this matter is when there are no children at the ranch, pay some nominal sum for his own stay at the ranch.

"In the meantime, the money is privately obtained, it is a charity and who the hell cares?

"Finally, Imus may lack humility but no one ever accused a newspaper reporter as lacking in "envy" when it came to debunking real or imagined celebrities.

This imbroglio was about nothing. As I suspected, the problem was the Government requiring the Imus Ranch to do their financial report on an accrual basis with depreciation. Like most charities with real estate holdings this results in a false sense of expenses since the actual charity is usually ran on a cash basis--that is, money in and money out for the year.

The WSJ reporter was operating on "class envy" and assuming wrong doing when none was there. The WSJ should apologize and Imus should apologize for being such a suck up to the liberal esthetes who listen to him.

45 posted on 03/25/2005 6:21:13 AM PST by shrinkermd
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To: Liz

This is the most interesting thing to happen on his show in ...... well actually ever.


50 posted on 03/25/2005 6:35:43 AM PST by longfellow (You're either with US or from Hollywood! Ultimateamerican.com)
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To: Liz
Regardless of what anyone thinks of the Imus Ranch or the number of kids it serves, they operate within the law.

I suspect that this is nothing more than the WSJ intimidating Imus into backing off on his pursuing the Timerosol in vaccines as a cause of autism issue. Big Pharmaceutical want the mercury issue hushed up.

51 posted on 03/25/2005 6:43:48 AM PST by paleocon patriarch ("Never attribute to a conspiracy that which can be explained by incompetence.")
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To: Liz

Rich people KNOW how to hide money and not pay tazes and actually make money from doing charitable works, don't they. I'm not saying what he's doind is wrong, I'm just saying it seems like a Ranch that was built specifically to help poor kids should help more kids. Is that wrong?


56 posted on 03/25/2005 6:50:33 AM PST by Hildy
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To: Liz
It's his stuff. He can give it to the poor or donate it to a charity of his choice.

Hell, he can burn it if he wishes... it's his fer crissakes.

59 posted on 03/25/2005 6:57:55 AM PST by Principled
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To: Liz

Which perve treats cancer kids better..."twinkles" or "wrinkles"?

61 posted on 03/25/2005 7:08:08 AM PST by meandog
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To: Liz

A "charity" not filing it's tax exempt status papers is like a truck driver "forgetting" to renew his license.

C'mon Imus, the charity scam is so easy it's the tool of choice for dimmwitted libs all over the country. It's just a piece of paper for christsake !



69 posted on 03/25/2005 7:25:08 AM PST by talosiv
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