Chris Brown owes $4M in back taxes

Tribal Outkast

Tribal Outkast

Veteran
Joined
Nov 22, 2016
Messages
39,041
Reputation
6,535
Daps
119,363
People are so sure he got it. I mean we thought TLC had it too. Also Hammer. Hopefully he can get the debt paid.
 
IIVI

IIVI

Superstar
Joined
Mar 11, 2022
Messages
16,222
Reputation
4,278
Daps
59,387
Reppin
Los Angeles
O.T.I.S. said:
Believe it or not, a lot of rich people owe a lot in taxes. They just don’t be wanting to pay.

I just saw a breakdown of an NFL players 3 mil a year salary… literally almost half was gone when they estimated the federal and state tax he had to pay as a single man.

1.5 mil is still good but damn… I’ve heard some people just opt out of paying for the year and just take payment plans at tax time.
Click to expand...
Yup.

Additionally, and officials themselves have mentioned it before that the IRS don't like to go after rich people because rich people can hire insanely good lawyers that put cases right into the spin cycle and cost the IRS (meaning taxpayers) a lot of money.

www.gq.com

The IRS Admits It Doesn't Audit the Rich Because It's Too Hard

Only poor people have to pay back unpaid taxes.
www.gq.com www.gq.com

ProPublica has published multiple stories on the sad state of the modern IRS over the past year. They found that a person is more likely to get audited if they make $20,000 a year than if they make $400,000. That's because it takes a lot less time, money, and people to investigate someone who receives the earned income tax credit, one of the government's largest anti-poverty programs, than it does to look into the complicated holdings and filings of someone else making 20 times as much. And even further up the economic ladder, things aren't any better: Millionaires were 80 percent less likely to be audited in 2018 than they were in 2011.
Click to expand...

This is the direct result of years of conservative-led efforts to successfully defund, defang, and delegitimize the IRS. Over the past eight years, Congress has steadily reduced the agency's enforcement budget by billions of dollars, down 25 percent from what it was in 2008. And by cutting out only relatively small chunks at a time, the gutting has largely avoided public outcry. Unsurprisingly, according to ProPublica, the IRS is in disarray on the inside, resulting in "a bureaucracy on life support."
Click to expand...

This is part and parcel of a Republican political strategy otherwise known as "starving the beast." So-called "fiscal conservatives" like Paul Ryan claim that the federal government can't properly run basically anything, and use that as justification for cutting funding, support, and resources to agencies like, say, the IRS. Once an agency starts underperforming because of its slashed budget, that's used as still more evidence that government can't effectively do its job. Deliberately mismanaging the federal government, then, is a central tenet of modern-day conservatism.
Click to expand...
 
Last edited:
Piff Perkins

Piff Perkins

Veteran
Joined
May 29, 2012
Messages
56,982
Reputation
22,345
Daps
310,487
Fiji Water said:
I don't know his situation but that doesn't actually seem that bad considering who he is. That's no small amount of money tho.

Love how it's "Chris Brown" like he ain't yelling at his accountant right now.
Click to expand...

It's bad for the simple reason that he's either not been filing taxes - which is stupidity - or he's been misled by whoever handles his business affairs - which is worse. Music and entertainment taxes can be pretty complicated, not to mention the tax implications of other things (houses, for instance).
 
E

egsteel

All Star
Joined
Nov 21, 2013
Messages
3,110
Reputation
305
Daps
7,397
Paying dues to Fruit Town is breaking the bank. He might wanna flip to 10 Line Gangster Crips. They're a lot smaller and won't charge as much.
 
You must log in or register to reply here.
Top