Tax Man Kicks The Shit Out Of A Dude
THURSDAY DECEMBER 28 2006 11:30 PM
Submitted by FearTheReaper. Edited By FearTheReaper.
TAGS: California, Taxes, Schwarznegger
An anonymous Californian just made a deal to avoid jail time for unpaid taxes and saved the states ass at the same time. Taxpayer X agreed to pay $200 million but sadly, we will never know who he or she is.
In California state officials can be imprisoned for disclosing tax records. The state won’t say who coughed up the dough or why, just that it is an individual. Taxpayer X probably had an income of around $2 billion.
The tax bonanza was a result of Governor Schwarznegger offering individual taxpayers amnesty.
"It happened the very first month of the amnesty," said Claudia Hill, owner of a highly respected Silicon Valley tax firm, Tax Mam, Inc., and editor in chief of the Journal of Tax Practices and Procedures. "We were all laughing when the state came out so quickly and called (the amnesty) a success because the scuttlebutt was that it was all from one person."
California is currently $47 million below state revenue projections. Construction and real estate sales are down, which has caused the state income to fall. If Taxpayer X was not ponying up $200 million, California would be down $250 million. Go taxes!

















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