DearDiary.Net, The home of free online diaries and online journals that you can update with your normal web browser, its fun, its free and its guilt free snooping into people's private lives!!  Stuck? Need Support? Click hereNews relating to your online personal diaryGet a Plus Account, get extra features, no ads and help us grow!View open diaries written by other peopleLog in to your own online diary. From here you can write entries, customize your personal diary, update your personal information and more.Create your own open diary. Its free and easy.
-------------------------------------------------------------------------------------------

WelcomeDiary IndexNewest EntryRandom Entry

 
Menu

Newest Entry
Random Entry

28 Apr 2008 - Celebrity Tax Problems
It seems as though celebrities don't always get a free ride in life.

Today in a Florida federal court, Wesley Snipes and his attorneys rested their case, without calling a single witness. His attorney, Daniel Meachum, said, "We chose not to call witnesses because there was no need to. The government prosecutors have put on a case that simply does not come close to meeting the standard of its burden of proof."

Snipes and two co-defendants are currently on trial in for allegedly failing to file his 2000 federal taxes, for demanding $11 million in tax refunds on taxes he’d already paid, and bouncing checks to the U.S. Treasury. Snipes’ attorneys say he is the victim of unscrupulous accountants and sincerely believed he didn’t have to pay taxes.

Earlier in the trial Wesley sent a document to the IRS that said:

He chastised the IRS and prosecutors, saying their position toward him was “simply false, fraudulent and misrepresenting.” The document also warned the government’s “illegal collection action” would result in “significant personal liability” for those involved. “Warning - pursuit of such a high profile target will open the door for your increased collateral risk,” Snipes wrote. “I certainly don’t believe this is in your best interest and can be avoided.”

… Among other things, the letter claimed the IRS deceives people to “terrorize, enslave, rape or pillage” taxpayers.

Oct 17th 2007 3:15PM
Dionne Warwick has been dodging a $2.6 million tax bill that's been outstanding for over ten years, according to Franchise Tax Board records just posted online for everyone to see (and first reported by AP), which puts her at number 17 on the listing of the 250 worst offenders.

Comedian Sinbad, still owes California $2.1 million.

But without doubt, the oddest listing is for the Juice (O.J.), who supposedly hasn't had any income on which he would have to pay -- and yet he still owes over $1.4 million in taxes?

1993 – Willie Nelson
WILLIE NELSON and the Internal Revenue Service seem to be in harmony, finally. After a year of negotiations, they have reached an agreement on the payment of about $16 million owed the Government by the singer. Under the agreement, which was made final at a meeting in Austin, Tex., yesterday, the singer will pay about $9 million.
Sally Sassen, a public affairs officer for the Austin district of the I.R.S., said the singer would pay $1 million within 90 days, $1.4 million in increments of $233,000 every six months, and $3 million more within five years. In addition, he will turn over the proceeds from sales of "Who'll Buy My Memories?: The I.R.S. Tapes" (Columbia Records), an album he made in 1991 from unpublished music seized by the I.R.S.
He will also give the agency any proceeds he may win in a lawsuit against his former accounting firm, Price Waterhouse, in which he charges that the firm gave him poor advice. Mr. Nelson's financial woes began in the early 1980's, when he invested heavily in tax shelters. The I.R.S. disallowed the claims and seized his bank accounts and his property, including the Pedernales Country Club, west of Austin. Evelyn Shriver, his spokeswoman in Nashville, said Mr. Nelson had already paid $3.6 million of the $9 million.
Mr. Nelson's lawyer, Larry Goldfein, told The Associated Press yesterday: "He feels very happy with the result. Willie could have opted to go into a bankruptcy proceeding and have his tax debt discharged. He never wanted to do that. He wanted to pay what he could."

1960 – Bud Abbot (one of my favorite celebrities of all time - Lou Costello)
Bud Abbott: the man everyone forgot!
(originally published in Screen Stories, June 1960)
The straight-man member of the famous Abbott and Costello team, who once earned millions as one of show businesses’ most popular comedy teams, has fallen upon lean, unhappy days. He’s broke and virtually friendless.
Gone is the fortune and his assets, since he's had to fork over a half-million dollars to the Federal Government in the last few years, for disallowed expenses on his personal income taxes. The era of rich living, custom-made suits and thirty dollar shirts is gone.

His former happy-go-lucky partner, chubby Lou, who was ten years his junior, died of a heart attack last year.

Bud has sold everything he owned, including a $125,000 ranch at Ojai, California, to make up the back-tax bite. He still owes between $70,000 and $80,000, and has no idea where he will get it.

Abbott who made his last picture with his partner Lou about six years ago, said Costello has similar tax difficulties before he died; but he was able to pay off his obligations and still have something left, because he owned their filmed TV series.

Bud, his wife and children still live in their large, five bedroom, ranch-style home, but it has been up for sale for two years. His asking price was recently lowered to $65,000. When it's sold, all the money will go to the government. Once a four-and-one-half-acre estate, it has now been cut to one acre, with houses going up on the other acreage to help pay Bud's debt.

Abbott's story is one of the unhappiest of onetime famous stars who hit it big and lost it all. He climbed with partner Costello from New York's bawdy Minsky burlesque to the big time. The pair - a straight man and a baggy-pants comic - joined forces in 1937 and were a hit. In 1940, they headed for Hollywood where they signed their first Universal Pictures movie contract.

In nine of the following twelve years, they finished among the top ten money-making stars at the nation's box offices. Each was making a half-million dollars a year from films, vaudeville and personal appearances, TV and radio. By 1953, their peak, they were earning a fantastic $1,750.00 a year between them.

Sixty-four years old, Bud's tax troubles began when the government undertook a seven-year tax audit of his books a couple years back.

Abbott made his last professional appearance with Lou Costello in 1957, in an engagement at the Sahara Hotel in Las Vegas. Shortly afterwards, they broke up their long-time partner-ship at Lou's request. They has been having arguments over money matters.

Abbott has found that in fickle forgetful Hollywood if you aren't on top, many good-time friends desert you.

Bud said acidly, "They liked me so long as the liquor flowed at my house, but I haven't seen any of them around lately."

A staunch bulwark through his tribulations has been Bud's pleasant wife Betty, to whom he has been married for almost forty-two years. They were married on September 17, 1918, after an acquaintance of only six hours. They met during a yacht trip on the Potomac, during which Abbott saved Betty's girl friend from drowning. Shortly afterwards, they went to a marriage bureau to apply for a wedding license.

Among the assets which Bud had to dispose of were the twenty feature films that Lou Costello and he made for Universal. They owned a piece of each of them - in some instances, twenty-five percent; in others, fifty percent. Bud sold his rights for $100,000. He stated, "I never saw the check." Today he believes the rights would be worth $1,000,000.

How about a settlement? Bud answered: "The Government wouldn't make a settlement. Why? Because I'm an American. Why should they make a deal with me when they have everything I own as securities?

"They settled with Charlie Chaplin - sure - because he was out of the country. He's not even a citizen. But when they can get a hand on an American's securities, they won't even talk about settlement.

28 Apr 2008 - Election and Global Warming
Senator Clinton has insulted the smaller states by saying they don't matter. Do you think she’ll want their votes for her in Nov?

Republican TV ad
John McCain was asked about the North Carolina GOP's racially divisive ad on the Today Show, to which he replied: "I have done everything that I can to repudiate and to see that this kind of campaigning does not continue."
McCain's idea of doing "everything"? Sending an e-mail to the state party's chair.
Chances are, however, John McCain didn't even send the e-mail himself. John McCain told Politico's Mike Allen that he doesn't use a PC or a Mac, and described himself as an "illiterate" when it comes to computers.
John McCain's idea of doing everything he can: asking the intern to send an e-mail.

McCainAir
The New York Times reported Sunday that John McCain frequently flew on a corporate jet owned by his wife, Cindy McCain, on the cheap.
But over a seven-month period beginning last summer, Mr. McCain’s cash-short campaign gave itself an advantage by using a corporate jet owned by a company headed by his wife, Cindy McCain, according to public records. For five of those months, the plane was used almost exclusively for campaign-related purposes, those records show.
Mr. McCain's campaign paid a total of $241,149 for the use of that plane from last August through February, records show. That amount is approximately the cost of chartering a similar jet for a month or two, according to industry estimates.
This, like so many other things, is in direct contravention from statements he made earlier in the campaign season: that he wouldn't use corporate jets, or tap his wife's wealth.


Global Warming (GW is like reading the obituaries to me – but, I think living green and realizing what are the effects of GW are a very important part of all our lives.)
The threat we face due to global warming can no longer be ignored, with the earth's temperature rising each year. The spread of disease, hurricane intensity, and wildfires are all affected by the reality of global warming.

DID YOU KNOW?
o Polar bears and indigenous cultures are already suffering from the rapid decline of arctic ice. They are actually drowning because the large amounts of ice that is melting.
o Category 4 and 5 hurricanes have nearly doubled in the last 30 years.
o Average temperatures have climbed 1.4 degrees around the world since 1880, much in recent decades.

OriginOil Is All About Algae New company responds to a global oil crisis and ethanol’s demands on food stocks by looking to the benefits offered by algae for limiting our CO2 emissions. Examines the potentially huge benefits for harvesting algae to be used as a biofuel.

JPMorgan Chase Aims for 20 Percent Carbon Reduction
JPMorgan Chase has set new plansfor emissions reductions and carbon offsetting. The firm plans to reduce its carbon emissions globally by 20 percent as well as buy carbon offsets to cover the emissions from employee air travel.

From carbon sink to carbon source
An outbreak of mountain pine beetles in British Columbia is doing more than destroying millions of trees: By 2020, the beetles will have done so much damage that the forest will release more carbon dioxide than it absorbs, new research indicates.

Merrill Lynch throws weight behind avoided deforestation credits
Article discusses investment bank giant Merill Lynch’s decision to adopt avoided deforestation as a means of offsetting carbon usage. This is a big step, as many view avoided deforestation as a controversial practice, but many reputable organizations – including Zerofootprint – believe it is an important practice, integral to reducing global levels of atmospheric CO2.
'Go Blue' Goes Live

Zerofootprint has developed a software program that allows individuals and organizations to measure and modify their water consumption.

An acre of forest is cut every second world wide. Every continent is being deforested except for Antarctica. In Europe the forest were cut back so long ago that scientists look at paintings to see what kind of trees grew there. Only 1/5 of the world's frontier forests remain intact. As a result of deforestation and poor forest management, about ten percent of the world's 80-100,000 tree species are in danger of extinction.

Previous Month Next Month

2/2/2010 - Don't Ask, Don't Tell

26/1/2010 - Headlines for January 26, 2010 
15/1/2010 - Haiti  Mobile Giving
8/1/2010 - Headlines Friday Jan. 8th, 2010
7/1/2010 - Women's health headlines
6/1/2010 - Headlines  01/06/2010 Wednesday

8/12/2009 - World Meteorological Organization 

Add Reader Comment
Add Reader Comment
Previous
Previous
Return to Index
Return to Index
Next
Next
Show Reader Comments (0)
Show Reader Comments (0)
WelcomeDiary IndexNewest EntryRandom Entry

 

Contact Us
Website Statistics Analysis

Dear Diary... Build 2.2.
DearDiary.Net is Copyright © 1999-2007 Kabarty Pty Ltd
All Web Diary Entries are Copyright of their respective authors

 

DearDiary.Net, your free online diary is a product of
Kabarty Ltd. Free web page host for your online diary. Choose Kabarty for
your online web hosting too[Powered By MySQL]Copyright Notice: All entries are copyright (and the responsibility of) their respective authors. For re-use rights please contact the author directly.
Do NOT use without prior consent.
If you cannot get in touch with the author directly, please mail use the Contact Us link above.