Wesley Snipes: Failing To File Income Taxes

Wesley Snipes to Stay Incarcerated For Failing to File Taxes

The US Supreme Court announced on Monday that it has denied Wesley Snipes’ appeal regarding his tax evasion charges.

At age 48, Snipes has been serving a prison sentence for neglecting to pay his income taxes. In 2008, he was federally charged for failing to file income taxes and was ordered to spend a 36 month sentence in prison. He has been in prison since December 2010 for not paying $15.6 million in taxes than span over a period of six years.

The Courthouse News Service stated that Snipes … Read the rest

Wesley Snipes to Stay Incarcerated For Failing to File Taxes

The US Supreme Court announced on Monday that it has denied Wesley Snipes’ appeal regarding his tax evasion charges.

At age 48, Snipes has been serving a prison sentence for neglecting to pay his income taxes. In 2008, he was federally charged for failing to file income taxes and was ordered to spend a 36 month sentence in prison. He has been in prison since December 2010 for not paying $15.6 million in taxes than span over a period of six years.

The Courthouse News Service stated that Snipes claims he was wrongly charged because the case was brought against him in Florida. Snipes claims that the charge made by federal prosecutors in Florida was improper. He believes that it should have been based in New York. Prosecutors proved their case valid by demonstrating that Snipes’ birthplace was the state of Florida and he also held a driver’s license from the same state. However, Snipes claims that he has renewed his driver’s license in New York several times.

The judge refused to comment on the topic Monday meaning Snipes will have to serve out his three-year prison term. Snipes remains optimistic about the future despite his expressed disappointment in the US justice system.

Political Revenge? GOP donors reap the benefits from the biggest tax breaks.

Political Revenge? GOP donors reap the benefits from the biggest tax breaks.

The largest tax break introduced by Gov. Rick Scott and the Republican-controlled legislature will allow many homeowners in Palm Beach County to save money by cutting $28 from property taxes 2010 owed in the coming year.

For many of the biggest companies in the state to include those who were big contributors to GOP election campaigns last year, the tax reduction will save these companies a lot of money. Most are expected to save well into the hundreds of thousands in terms of dollars and some may even … Read the rest

Political Revenge? GOP donors reap the benefits from the biggest tax breaks.

The largest tax break introduced by Gov. Rick Scott and the Republican-controlled legislature will allow many homeowners in Palm Beach County to save money by cutting $28 from property taxes 2010 owed in the coming year.

For many of the biggest companies in the state to include those who were big contributors to GOP election campaigns last year, the tax reduction will save these companies a lot of money. Most are expected to save well into the hundreds of thousands in terms of dollars and some may even save over $1 million.

Leading Republicans say the tax cut is part of an on-going effort to boost Florida’s weak economy, but some environmentalists agree that the decrease in government tax income will wreak havoc on protection programs for water, land, and floods.

In agreement with many Democrats, conservationists view this tax cut mostly from a political point of view, interpreting it as a show of gratitude from Republicans to many of their big campaign contributors.

For most homeowners, this tax cut is a small savings. The average homeowner in Palm Beach County will only save roughly $28. For big corporate giants like Walt Disney, Florida Power & Light, BellSouth, and Universal, these companies will save well into the millions of dollars.