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George Soros' Tax Problem
#1
Now this is interesting.  I had no idea someone could do this, but eventually things do catch up in ways least expected.  

HAS HE PAID HIS TAXES YET? George Soros Had Until 2017 To Pay $7 Billion In Taxes After Avoiding IRS!

[Image: 386355_168634393273355_1276177036_n.jpg]

Quote:In 2015 numerous publications including Fox News(George Soros reportedly could face up to $7B tax bill, after delaying payment for years, Bloomberg News(George Soros May Face a Monster Tax Bill), and Forbes Magazine(Geoge Soros May Owe Billions In Taxes) reported that George Soros owed billions of dollars in unpaid taxes after finding ways to avoid the IRS.

Fox News reported: George Soros may soon face a monumental tax bill — of nearly $7 billion — after years of playing hard-to-get with the IRS.

Despite Soros having advocated for higher taxes on the wealthy, the liberal Progressive Socialist billionaire reportedly has delayed paying his own for years thanks to a loophole in U.S. law.

That loophole was closed by Congress in 2008. But before that, Bloomberg reports, Soros used it to defer taxes on client fees. Instead, he reinvested them in his own fund, and they grew tax-free.

Bloomberg, citing Irish regulatory filings, reported that Soros has made $13.3 billion in this way. Factoring in the various tax rates that would apply, one tax expert estimated this would leave Soros with a roughly $6.7 billion bill.

While Soros did not comment on the estimate, Bloomberg reported that Soros deferred his taxes for so many years by reinvesting client fees. While he technically was able to do this for U.S.-based funds, offshore funds were apparently preferred because otherwise clients would face negative tax implications.

The American Lookout did some digging around the internet and could NOT find any articles showing that Soros had paid this massive tax debt.

Forbes reports that Donald Trump has an estimated net worth of $4.5 billion which would mean that George Soros potentially owes more money than Donald Trump is worth.

Paging Rachel Maddow!

This entire thing could get very very interesting, and worth keeping one's eye out for more about it.  I wonder if he has seven billion floating around that haven't been parceled out to all those Collectivist organizations so as to create anarchy?
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"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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Messages In This Thread
George Soros' Tax Problem - by John L - 03-20-2017, 06:44 PM
RE: George Soros' Tax Problem - by Palladin - 03-21-2017, 11:18 AM
RE: George Soros' Tax Problem - by John L - 03-21-2017, 11:42 AM
RE: George Soros' Tax Problem - by Palladin - 03-21-2017, 01:27 PM
RE: George Soros' Tax Problem - by John L - 03-21-2017, 05:12 PM
RE: George Soros' Tax Problem - by Palladin - 03-21-2017, 05:54 PM
RE: George Soros' Tax Problem - by John L - 03-21-2017, 07:00 PM
RE: George Soros' Tax Problem - by Palladin - 03-21-2017, 08:04 PM
RE: George Soros' Tax Problem - by John L - 03-21-2017, 09:00 PM
RE: George Soros' Tax Problem - by Palladin - 03-22-2017, 11:54 AM
RE: George Soros' Tax Problem - by John L - 03-22-2017, 05:57 PM
RE: George Soros' Tax Problem - by Palladin - 03-22-2017, 07:00 PM
RE: George Soros' Tax Problem - by John L - 03-22-2017, 07:54 PM
RE: George Soros' Tax Problem - by John L - 03-22-2017, 07:50 PM
RE: George Soros' Tax Problem - by Palladin - 03-22-2017, 11:54 PM

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