Stern's Palm Beach tax bill

Discussion in 'The Howard Stern Show' started by Chatsworth, Oct 12, 2013.

  1. Chatsworth

    Chatsworth Well-Known Member VIP

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    http://www.palmbeachdailynews.com/news/news/local/the-price-of-paradise/nbMdC/

    Palm Beach has become known as a haven for transplants seeking tax relief, especially those from high-end towns in states that levy both a state income tax and an estate tax — California, New York, New Jersey, Connecticut and Massachusetts, to name a few.
    But even so, the island’s property tax bills are still loaded with digits that would qualify as big bucks in just about anyone’s estimation, thanks to the home and land values set annually by the Palm Beach County Property Appraiser’s office.
    - See more at: http://www.palmbeachdailynews.com/news/news/local/the-price-of-paradise/nbMdC/#sthash.sY3xCDvL.dpuf


    He came in number 22 in the top 30 taxpayers in the town.

    $517,112. Market value of his house is $44 million.
     
  2. Lou Skunt

    Lou Skunt ____________________ Banned User

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    I just can't imagine how much it hurts the old pelican to make that payment. His shrink is earning every penny he charges just to keep the wig from committing suicide.
     
  3. SleepingWarrior

    SleepingWarrior Well-Known Member VIP

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    The tax bill for ChimneyLand can't be much better.
     
  4. skylarbrie

    skylarbrie VIP Extreme Gold

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    howard inflated the purchase price of the house by 9 million dollars or more.
     
    Last edited: Oct 12, 2013
  5. Elisa Jane

    Elisa Jane Well-Known Member

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    Property taxes are tax deductible so the more he pays the more he will save in federal
    income tax.
     
  6. pontius pilot

    pontius pilot #TeahmGandhiStarver VIP

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  7. Chief Macho

    Chief Macho Well-Known Member

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    must be nice...fuck that dude is rich..
     
  8. SillyOldMan

    SillyOldMan Well-Known Member

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    Whoah! I guess when you have so much money, then it doesn't matter, but I just don't understand buying such an obscenely priced (and taxed) house.

    And how in the world can you ask listeners to pay $25 for a shitty calendar when you spend $500k on property taxes for a home you might have not even spent a full night in?

    It's almost as if this is just one giant prank.
     
  9. Onehourphoto

    Onehourphoto Maverick Gold

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    Maket value vs. Purchased price.

    Wiggy OVERPAID by 9million
     
  10. skylarbrie

    skylarbrie VIP Extreme Gold

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    it is a buyers' market, consequently, prices are depressed, and homes are being sold at less than market value. howard also inflated his contract with siri by 150 million dollars...he's in a pissing match with rush limbo
     
  11. lilbuddy67

    lilbuddy67 A man with breath-taking anger management issues Banned User

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    44 million. Can't even fathom.
     
  12. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    I always love it when people who pay no real income tax start spouting off about how PAYING taxes saves you money.
     
  13. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    Now he'll NEVER get a plumber who can get stuff for him wholesale. :coffee:
     
  14. racerx

    racerx New Member

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    the amount of tax one pays has no relevance to knowledge of tax code
     
  15. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Sure, that's like saying people who don't drive cars know as much about traffic as people who do drive cars.

    Someone who claims that paying one tax "saves money" on paying a different tax is someone who pays no tax. What the fuck difference does it make where you mail your check? Tax is tax.

    And Howie will feel the pain of that $500,000 per year once his income disappears. I see Stern as having very little residual income once his radio show ends.
     
    Last edited: Oct 13, 2013
  16. itpdude

    itpdude New Member

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    Think of all the kittens that could save!

    No wonder Wiggo and Oats have sick kittens. They couldn't afford the cost of bleach to clean the kittens areas.

    Gotta save somewhere!
     
  17. racerx

    racerx New Member

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    no. thats like saying someone who hires someone else to drive them while sitting in the back of a limo knows anything about traffic.
    the vast majorly of people who pay a lot of taxes, hire an expert to do their taxes.
    if gary the retard hit the lottery he wouldnt magically know more than u


    no one knows what shenanigans howard is up to. maybe his corp buys property and he writes off the lease payments he makes to himself
     
  18. itpdude

    itpdude New Member

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    No kidding. I love hearing that mess. "Well, it's deductible so you're okay!"

    Put it this way: Say you have a deductible expense of $100. That deduction will excuse $100 of your income from being taxed. Let's say the tax on $100 of income is 25% - $25.

    So, you save $25. You're still out $75.

    Deductions defray costs. That's about it.
     
  19. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    You clearly don't pay taxes.

    "Write off" is not a term which magically makes your tax obligation disappear.

    Yes, Howard's companies own his assets, and that's so for a variety of reasons. But paying less in tax is still paying tax.

    My side business ends up paying roughly 40% in taxes but it's still MY MONEY which gets lost.
     
  20. racerx

    racerx New Member

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    there are wackpackers who pay more tax than u, that doesnt mean they know more than u
    if u paid no taxes next year, your tax knowledge wouldnt disappear. u seem like a smart guy who understood taxes even before u did well.
    people are wrong because they are wrong. not because of how much tax, if any, they pay. most cpas are not very wealthy.

    i never said anyones tax obligation disappeared. but couldnt a smart property investment be close to tax neutral?
    i bet howard pays less much less % than u, and i highly doubt he knows anything about it
     
    Last edited: Oct 13, 2013