Billionaires who cheated on taxes

These notorious tax cheats stiffed Uncle Sam in a big way -- until they got caught.

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VIDEO ON MSN MONEY

472Comments
Jan 15, 2014 8:53AM
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When the very rich go to prison, the go to tax- payer supported minimum security facilities where the standard of living is higher than that millions of Americans'.   Instead of jail time, these offenders should be sentenced to five years of working at McDonald's or Walmart  and living on the salary they earn.
Jan 15, 2014 8:16AM
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Richard Hatch from Survivor fame was sentenced to jail for 51 months for failing to pay his taxes on $1mil.  He served 3 years and nine months. Why wouldn't  someone that hadn't paid on 24 mil (Ty Warner) get jail time? I bet this man has more that he has not paid taxes on, this is all they found. The little guy always gets it worse. Did any of these billionaire's get jail time?


Jan 15, 2014 7:37AM
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How about us tax payers who are giving billion dollar tax breaks to corporations! Boeing Corp was given 9 billion dollars by Washington State not to move their plant to another state but that wasn't enough for Boeing. They also demanded that the workers give up their pensions! Boeing is in fine financial shape and the CEO makes 27 million bucks a year. Now Joe taxpayer has a double bill as besides the 9 billion break, we will also probably have to help out the worker when he retires and doesn't get the full pension he was expecting. Nice job by the bought off politicians of transferring wealth to a big healthy corporation. This is why the Forbes Magazine list of billionaires gets longer and wealthier every year and us working stiffs go backwards..
Jan 15, 2014 8:33AM
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They cheat , they lie , and they're greedy SOBs . When they're caught , they get off with a slap on the hand , and then are pardoned by some president . They all stick together to protect the "good old boy " network . We're the fools , and as Leona Hemsley said , " only the little people pay taxes " !
Jan 15, 2014 10:06AM
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I'm guessing if I failed to pay taxes on my $50,000.00 per year job, here is what would happen: lien placed against my home; liens placed against any bank accounts, and wages garnished. This would teach me to never to it again. Of course if I had any other assets, there would be liens attached to those as well. These people are not learning anything - they are billionnaires and their punishment is a fine they can fix by calling their accountant and ordering a check be written. It would be like me having to pay $100.00 if I failed to pay taxes on my annual salary. Money seems to be the answer for buying your way out of criminal acts and if you don't have enough of it, you're SOL. In addition to paying what they owe and probation, I think they should be required to be audited to see what else they are hiding.
Jan 15, 2014 9:08AM
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Politicians are Billionaire's puppets, those two just pull the wrong strings.  They will eventually pull the right strings and get away with it.  That's the great thing about America "Money Rules" but if you don't have it like me then it sucks because they take anything you try to save.
Jan 15, 2014 8:53AM
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ALL billionaires cheat on their taxes.
Jan 15, 2014 5:56AM
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Wrong! Billionaires who cheat on taxes: 100%.
Billionaires who got caught: see above.


Jan 15, 2014 8:37AM
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Another slap in the face to the American People to read some S**T like this.  These were some Billionaires who live their lives as cheaters,  They just got hooked on "GREED" as the move up in the world.  Remember, it's not what they knew, it's who they knew!!!
Jan 15, 2014 9:57AM
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justice for the rich and justice for the poor..the two party system
Jan 15, 2014 10:18AM
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Let's NOT forget Mitt Romney (Republicans Presidential Model) who has off shore tax shelters in 3 known locations.
Jan 15, 2014 9:38AM
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Regardless of how the billions was earned; it shouldn't be any surprise that they have more ways of keeping their billions than a middle class wage earner has of keeping their pittance. Billionaires can afford accountants and lawyers and consultants to help them hide, stash, & manipulate assets so as to minimize their tax "burden". (I hardly consider their taxes to be a burden to them; since it obviously does NOT negatively impact their lives.... or they wouldn't still be billionaires)

I will say this; I do appreciate the few who at least attempt to share their wealth via philanthropic projects. It isn't something that they HAVE to do; they are doing it voluntarily (whether they do it for publicity or selfless reasons, does not matter at this point).

Still, the question remains; how do we reduce the ever-widening income disparity without implementing some sort of (which would undoubtedly be declared to be an act of socialism by some politicians) regulations or policies?  Don't give me the crap about why should there be a fairer spread of wealth - on the argument that many people would just take and not earn or why should the rich provide for the poor - who have nothing to offer...  Because it can be done; the problem is - some people don't want to have to earn their share because they think they are entitled... while others are stingy & selfish & don't give two craps about anyone else.  Both extremes need to have attitude adjustments.  Unfortunately; our self-important approach to social structure; has bred too many of both extremes - the "entitled" and the "stingy money hoarders". 

If the income disparity keeps growing; we will end up with another revolution... as history repeats itself... again.

Jan 15, 2014 8:09AM
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no one really cares but one day the money well for us  government give away programs going to run dry after baby boomers die of who's going to pay the bills then. 
Jan 15, 2014 10:56AM
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How muck frigg'in money does one man need?

There is way to much money in to few hands these days.

Jan 15, 2014 8:37AM
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And quess what folkes Warren Buffett has failed to attend an Audit for his cheating and Obama seems to have forgiven him because the IRS has not done a thing. UGH.
Jan 15, 2014 10:48AM
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This is just proof that these people are mentally ill. They have more money than they can physically spend in a Life time. But are still compelled to cheat Lie and steal to get more. Scary People NO Mercy should be show.

Jan 15, 2014 9:29AM
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Of course these are just the ones that got caught.  How many are out there that have not and most
likely will not be caught. 

And I can almost guarantee you that they will never pay all that they owe.
Jan 15, 2014 11:29AM
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The world's biggest Ponzi scheme-----------------------------the   IRS   !!!!!!!!
Jan 15, 2014 6:22AM
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No news here!


Billionaire's didn't get to be billionaire's based on innovation they did it by cheating!


Even Warren Buffet made a killing on inside information (google it),


A few like Jobs and Zukerberg were innovators, most of the others stole (see Gates, Bill Trump, D) to make their billions!

Jan 15, 2014 7:38AM
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There is news here......AS USUAL.....your corrupt and biased news media didn't mention probably the biggest offender of all...WARREN BUFFET..he has been accused by the I.R.S. of owing over 1billion in taxes and has been fighting them for the last ten years..but because he is a liberal hypocrite maggot and votes democrat you won't hear about it in this corrupt and biased NBC news story.
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