August 21, 2018

Paul Hogan Is Pleased to be Back on U.S. Soil

“I have come to this great tax haven, the USA, where the IRS are gentlemen compared to our lot.”

~ Mick Dundee isn’t making a helluva lot sense but it’s fine, he’s still more or less a celebrity.

“I have come to this great tax haven, the USA, where the IRS are gentlemen compared to our lot.”

~ Mick Dundee isn’t making a helluva lot sense but it’s fine, he’s still more or less a celebrity.

Related articles

Foxy Brown and Toni Braxton Hate Paying Taxes: Just Like the Rest of Us!

foxybrown.jpgtoni-braxton-b.jpgBeing a celebrity is tough. You see all that money roll in and then when you find out you have to pay almost 50% in taxes on it, that might just piss you off a little. It pisses off some celebrities enough that they just decide they’re not paying Uncle Sam jack. Then there are those that just forget to pay (*cough* Willie Nelson *cough*).

The two newest members of the tardy tax payers are hip-hop artist Foxy Brown and R&B singer Toni Braxton. Brown owes the IRS $641,558 in back taxes for the years 2003 to 2006. Braxton owes just over $71k to the IRS but she’s got some history of financial trubs: she filed for bankruptcy in 1998 with over $1 mil in debts so she’s probably familiar with the collection-type protocols.

Our advice to the two ladies would be take the Lehman Brothers approach on this and get some of that Foxy Brown and Toni Braxton schwag on eBay.

Foxy Brown’s prison jumpsuit from Riker’s? Toni Braxton’s Grammy trophies (or maybe just the underwear-is-optional dress)? We want to hear what kind of mementos you readers would be willing to plunk down your hard earned cash for to help these ladies out.

Foxy Brown, Toni Braxton In Tax Trouble [AllHipHop.com via TaxProf Blog]

Nic Cage Can’t Afford Another Bangkok Dangerous

raising.arizona.073007.jpgNicolas Cage is keeping his reputation as a tax scofflaw intact, as he currently owes the IRS $6.2 million due to a lien the Service slapped on his house in New Orleans. Last September, Cage settled with the Service for the diabolical sum of $666,000 after he improperly deducted $3.3 million in personal expenses, including must-haves like limo service and a Gulfstream.
Our advice to Cage would be to seriously consider going full frontal in his next film, Bad Lieutenant, Port of New Orleans. If not out of pure artistic principal and respect for the original version, do it for the extra scratch, man. A johnson shot has got to be worth, what, a couple mil?
Nicolas Cage Hit with $6.2 Million Tax Lien [Web CPA]