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(Entertainment on Today)   IRS to Lionel Richie: Hello, it's you we're looking for   (todayentertainment.today.msnbc.msn.com) divider line 41
    More: Fail, IRS, Robin Thicke, Kelly Clarkson, duet  
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2189 clicks; posted to Entertainment » on 17 Apr 2012 at 9:35 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



41 Comments   (+0 »)
   
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2012-04-17 09:37:01 AM
Done in one.
 
2012-04-17 09:40:56 AM
Why the long face, Lionel?
 
2012-04-17 09:42:22 AM
I can see his cellmate singing....
All night long!
 
2012-04-17 09:44:02 AM
*golfclap.gif*
 
2012-04-17 09:44:09 AM
The IRS is dancing on the ceiling...
 
2012-04-17 09:45:19 AM
Penny lover, indeed.
 
2012-04-17 09:49:01 AM
What the IRS agents might look like.


www.cheezey.org
 
Skr
2012-04-17 09:56:54 AM
I guess Pamela Anderson must have already paid off her IRS debt from a few days ago.
 
2012-04-17 10:27:29 AM
Ow he's a dead
Beat
He's brokey brokey
So the IRS brings down heat.
 
2012-04-17 10:32:19 AM

Skr: I guess Pamela Anderson must have already paid off her IRS debt from a few days ago.


Just as I'd expect should would be.
 
2012-04-17 11:06:33 AM
When they show up after long absences in the media (Ritchie, Madonna, Whitney, etc.) its not hard to figure out why. $$$$$$$
 
2012-04-17 11:11:46 AM
i512.photobucket.com
 
2012-04-17 11:50:06 AM
+ 1 Subby
 
2012-04-17 11:51:45 AM
blog.wtfconcept.com
 
2012-04-17 12:02:17 PM
There was a show on TV last week where Lionel Richie was watching country music stars sing cowboy versions of his songs. From what I could tell, he was really into it and possibly orgasmic at times.
 
2012-04-17 12:11:56 PM
He ain't been black since the Commodores.
 
2012-04-17 12:12:15 PM
Best.Video.Evar.

The girl is blind, I mean...helloooo?
 
2012-04-17 12:26:14 PM
Excellent headline, Subby
 
2012-04-17 12:40:14 PM

Roto-Rot


There was a show on TV last week where Lionel Richie was watching country music stars sing cowboy versions of his songs. From what I could tell, he was really into it and possibly orgasmic at times.

that is his new album Tuskegee...he worked with all of these country artists and re-released his songs all twangy and stuff.
 
2012-04-17 12:52:31 PM
I hope they don't take his blind girl sculpted bust from him.

www.macalester.edu
 
2012-04-17 01:45:24 PM
He'll have a lien, he'll have an awesome lien.
 
2012-04-17 01:57:19 PM
Headline stolen from TMZ.
 
2012-04-17 02:30:27 PM
Well done, Subster. Well done, indeed
 
2012-04-17 03:12:35 PM
The guy has only put out one country album, and he's already in trouble with the IRS?
Didn't Willie Nelson teach Lionel to pace himself?
 
2012-04-17 03:13:54 PM
He shoulda stashed his money in a BRIIICK....houuuse
 
2012-04-17 03:20:03 PM

macadamnut: [i512.photobucket.com image 500x524]


That was my facebook profile pic forever! I laughed so hard first time I saw it.
 
2012-04-17 04:15:36 PM

Lou Cypher: He'll have a lien, he'll have an awesome lien.


And that was the first genuine laugh of the day.....thanks!
 
2012-04-17 04:40:18 PM
Time for a Commodores reunion tour.
 
2012-04-17 04:43:55 PM
img2.etsystatic.com
 
2012-04-17 04:54:34 PM
What I will never understand is this:

You owe $X million in taxes. Which means you MADE 7 or 8 times that amount. Why not just pay the taxes? Are you bills SO HIGH that you can't pay them, and have to skip out on taxes instead?

/guess I'll never know until I make millions of my own.
//better get started.
 
2012-04-17 05:08:27 PM

larrimo: What I will never understand is this:

You owe $X million in taxes. Which means you MADE 7 or 8 times that amount. Why not just pay the taxes? Are you bills SO HIGH that you can't pay them, and have to skip out on taxes instead?

/guess I'll never know until I make millions of my own.
//better get started.


Partially, it becomes a problem because you still have to pay your current taxes, and the interest keeps running on your old stuff. Coupled with other expenses, like property taxes, unusually high child support, etc, etc, people can run into trouble.

It's what made Joe Louis go broke and nearly wiped out The Rolling Stones.
 
2012-04-17 05:24:13 PM

stoli n coke: larrimo: What I will never understand is this:

You owe $X million in taxes. Which means you MADE 7 or 8 times that amount. Why not just pay the taxes? Are you bills SO HIGH that you can't pay them, and have to skip out on taxes instead?

/guess I'll never know until I make millions of my own.
//better get started.

Partially, it becomes a problem because you still have to pay your current taxes, and the interest keeps running on your old stuff. Coupled with other expenses, like property taxes, unusually high child support, etc, etc, people can run into trouble.

It's what made Joe Louis go broke and nearly wiped out The Rolling Stones.


Yes, but as previously mentioned, you made the amount you owe in taxes several times over. What puzzles me is that you know you're in tax trouble... why not cut back on some stuff you don't need. You probably don't need that $25M mansion with 18 bedrooms and 22 baths and a pool. You probably don't need 4 cars and an airplane.

Or am I making too much sense?
 
2012-04-17 06:37:19 PM

larrimo: Yes, but as previously mentioned, you made the amount you owe in taxes several times over. What puzzles me is that you know you're in tax trouble... why not cut back on some stuff you don't need. You probably don't need that $25M mansion with 18 bedrooms and 22 baths and a pool. You probably don't need 4 cars and an airplane.

Or am I making too much sense?



So you sell those assets, do you sell them for a profit? You owe taxes on that. Just kidding, you will have to sell it at a loss because people know you are selling it because you are under threat of prosecution, so you will get a fraction of its value.

Is that fraction enough to cover your taxes?
 
2012-04-17 06:45:14 PM
The sale should be enough to make a significant dent in what you owe, I'd think. Maybe I'm just being idealistic, but like I said, you've made an income of several times over what you owe for taxes. Where did that money go?


Lets say I make 100K a year. Taxes are likely to be 25-30k I have $70K for myself for bills, and other expenses.

Now, lets multiply that 100k by 100. That's a million bucks. Taxes (and I'm not sure what the bracket will bring) are 300-350k. Are you telling me that someone can't live off 650K dollars in a year?
 
2012-04-17 07:08:51 PM
according to the site celebrity networth, he's worth $200 million. http://www.celebritynetworth.com/richest-celebrities/singers/lionel-ri chie-net-worth/.
 
2012-04-17 07:18:38 PM

larrimo: What I will never understand is this:

You owe $X million in taxes. Which means you MADE 7 or 8 times that amount. Why not just pay the taxes? Are you bills SO HIGH that you can't pay them, and have to skip out on taxes instead?

/guess I'll never know until I make millions of my own.
//better get started.


Many of them have such huge egos that they believe that they don't have to pay it because they're too important or famous, or that they can hire someone to take care of it. And when they hire CPAs or attorneys to take care of it, they probably interview a number of people who tell them "you have to pay it", until they find one in the group who says "You don't have to pay it. I know a loophole that you can take advantage of so we can make this all go away." So they hire that person, who will extract fees from the celebrity while getting nowhere. The celebrity probably doesn't know about how deep the trouble is because the adviser has gotten a power of attorney and is receiving all of the notices directly from the IRS. When the IRS turns up the heat, the adviser throws their hands up and says "I tried but couldn't get anywhere" and quits. By then it's too late, and the celebrity has a huge, embarrassing lien.

At that point, some celebrities will give in and pay the taxes and penalties. Others will double down and find another adviser who will tell them what they want to hear and go through the same process all over again. People who are used to being surrounded by others who always say "yes" don't like to work with people who say "no".
 
2012-04-17 09:03:13 PM

larrimo: The sale should be enough to make a significant dent in what you owe, I'd think. Maybe I'm just being idealistic, but like I said, you've made an income of several times over what you owe for taxes. Where did that money go?


Lets say I make 100K a year. Taxes are likely to be 25-30k I have $70K for myself for bills, and other expenses.

Now, lets multiply that 100k by 100. That's a million bucks. Taxes (and I'm not sure what the bracket will bring) are 300-350k. Are you telling me that someone can't live off 650K dollars in a year?


I see math is your strong suit.
 
2012-04-17 09:34:48 PM
Lionel is merely dealing with half of the certainties of life.
 
2012-04-17 11:46:07 PM

larrimo: The sale should be enough to make a significant dent in what you owe, I'd think. Maybe I'm just being idealistic, but like I said, you've made an income of several times over what you owe for taxes. Where did that money go?


Lets say I make 100K a year. Taxes are likely to be 25-30k I have $70K for myself for bills, and other expenses.

Now, lets multiply that 100k by 100. That's a million bucks. Taxes (and I'm not sure what the bracket will bring) are 300-350k. Are you telling me that someone can't live off 650K dollars in a year?


100,000 times 100 is a million? I take it you're not an accountant.
 
2012-04-18 01:43:05 AM
Good thing I'm not rich, then. Or... Maybe this is why I'm not.
 
2012-04-19 07:15:41 AM
 
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