News IRS wants more than $3 billion from Texas brothers

Discussion in 'The Howard Stern Show' started by rory, Apr 17, 2015.

  1. rory

    rory Well-Known Member

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    DALLAS (AP) -- The IRS wants $3.2 billion to cover back taxes that it says are owed by two Texas brothers and business tycoons that the IRS says hid income by setting up overseas trust funds.

    The Internal Revenue Service detailed its claim in documents filed Wednesday in federal bankruptcy court in Dallas. It seeks to recover more than $2 billion in unpaid income taxes, interest and penalties from Sam Wyly and more than $1.2 billion from the estate of his brother, Charles Wyly.

    A lawyer for the Wylys, Stewart Thomas, called the IRS claims "unfair and absurd."

    The brothers founded or bought controlling interest in software companies, a restaurant chain and Michaels crafts stores. Sam Wyly filed for bankruptcy protection last year. Charles Wyly died in a car crash in 2011.
     
  2. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    i read that the irs is really short staffed now due to budget cuts so they probably have to target their fewer efforts to those with the largest most likely potential recoveries.
     
  3. reno

    reno VIP Extreme Gold

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    I wish I was in a position to owe billions in taxes. Think of all the money they made. If they paid their taxes they still would be rich.
     
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  4. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    They must not have donated enough to obama.
     
  5. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    It is still their money - not the government's. This is why the IRS should be abolished and there should be a flat/fair tax.

    Ted Cruz 2016.
     
  6. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Estate tax should be abolished all together too. They already paid tax on that money.
     
  7. DuckDong

    DuckDong Well-Known Member

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    If he owes he owes. Most of this ubber rich have figured out it is cheaper to hide it, get caught, fight a bit then settle for a % of what was really owed.
     
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  8. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    How about Al Sharpton? How about all the obama aids who owe back taxes?
     
  9. rory

    rory Well-Known Member

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    At the end of the day the IRS will get zero from these brothers. However, the IRS will audit the little guys and get 100% from them. Melissa Harris Perry of MSNBC owes 70K in taxes.
     
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  10. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    And it appears that the IRS has zero time to go after the massive fraud of 137,000 returns filed for BILLIONS in refunds attempted to be paid to prisoners in US jails.
     
  11. Kool

    Kool Well-Known Member

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    the wealthy know how to get around from paying, hope these brothers get exposed and pay up!
     
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  12. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    One guy died in 2011 and they're just now pursuing a billion dollars from his estate.

    Gee, think that maybe that was something you could've pursued years ago?
     
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  13. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Interesting that Al Sharpton owes millions in taxes yet is a regular guest at The White House.

    No effort to get his money, but they're still going after a guy who has been dead for four years (they are Conservatives, of course).
     
  14. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    What do you think of Al Sharpton not paying the millions he owes?
     
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  15. GIRLY

    GIRLY OV

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  16. Domo Cup

    Domo Cup Well-Known Member

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    Screw they. Gotta pay up.
     
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  17. Turtle Man

    Turtle Man Hello Darling Gold

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    Greedy pricks. This isn't England
     
  18. rory

    rory Well-Known Member

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    they should tell the IRS thir hard drive crashed...it worked for lois Lane Lerner! who should be in jail next to Greenspan.
     
  19. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    And the massive fraud in EITC collected by illegal aliens - billions!!!
     
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  20. DuckDong

    DuckDong Well-Known Member

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    Then they pay too you dope.

    Your blind hatred of anyone but a R makes you seem petty and ignorant.
     
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