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Forum nameGeneral Discussion
Topic subjectwhy you think some celebrity people don't be paying their taxes?
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=12810892
12810892, why you think some celebrity people don't be paying their taxes?
Posted by Deadzombie, Wed May-20-15 08:53 PM
same reason some regular people don't?

you think they think no one will notice?

no one will care?

are there plenty people who do get away with it?
12810895, most of them are regular folks
Posted by tariqhu, Wed May-20-15 09:03 PM
until they become celebs. so most of it is prolly just ignorance. plus they be busy as shit and likely are just thinking about that next gig rather than admin stuff.
12810897, Money does change people
Posted by Ted Gee Seal, Wed May-20-15 09:10 PM
I've seen it a few times with clients. It's different when they're the struggling artist and relying on help from others. Suddenly when they're doing well they don't want to have to pay to help anyone else.

Some creatives do really struggle with numbers and money management in general. Throw in kids and attitudes towards tax can really darken.

I had one client's wife try to get me to do things that basically would have done us both in as far as tax avoidance goes. I tried to tell her that, but she wouldn't hear it. Happened once they had kids and got a big mortgage. They're no longer clients. Probably just as well.

Here there are plenty of people who get away with it. The way averages are and the budget that the government works with, only the most egregious stuff gets uncovered. Make sure you pay a decent looking amount of tax, and you can get away with paying A LOT less than what you really owe.

Also, add in keeping up with the Joneses. There will be rich people in their ear talking about all the tax they avoid and how stupid anyone is for paying the same share as the peasants at the bottom of the heap. There's an accountant around town who drives around with a number plate that says NILTAX. They've never been hooked as far as I'm aware. But that's the attitude.


>same reason some regular people don't?
>
>you think they think no one will notice?
>
>no one will care?
>
>are there plenty people who do get away with it?
12810902, Benefit of the doubt - some honestly lose track/miscalculate.
Posted by Teknontheou, Wed May-20-15 09:19 PM
12810905, shady accountants
Posted by legsdiamond, Wed May-20-15 09:25 PM
12810916, I think it is for a few reasons...
Posted by PimpTrickGangstaClik, Wed May-20-15 09:40 PM
Since they have bigger incomes, the IRS looks at them harder. If you make $30k and lie on your taxes to save $100, you could probably get away with it (don't test your luck though).

But if your income is $10 million, they are going through your shit with a fine tooth comb.

Also, they get their money in big lump sums and taxes are not automatically taken out.
When someone hands you a big check, you're not thinking about paying taxes. You're thinking about what you can buy.

Finally, shady financial advisers.
12811052, Greed and disgust with the system
Posted by bigkarma, Thu May-21-15 07:56 AM
If you make $100K a year, and Uncle Sam takes $25K, you're salty...but what you gonna do?

But, if you make $10M and Sam wants $3.5M...you're thinking "F**K! $3 and half million dollars?!"

So you either put it off, or start looking for someone to cook the books.
12811072, because they think they can get away with it
Posted by BigJazz, Thu May-21-15 08:10 AM
12811073, lot of em probably dont even know how much money they make
Posted by BrooklynWHAT, Thu May-21-15 08:11 AM
12811076, i think they are 1099'd at every single gig.
Posted by SoWhat, Thu May-21-15 08:12 AM
it can be tough keeping track of it all and then saving the money needed to pay the tax man on time or otherwise having it on hand when the tax bill is due.
12811078, Because it isn't deducted from their paychecks
Posted by John Forte, Thu May-21-15 08:14 AM
They spend like they earn (and sometimes more). When that tax bill comes, they can't afford it.
12811134, ^^^The right answer. This and it's just easy as hell to fuck up your taxes
Posted by Buddy_Gilapagos, Thu May-21-15 08:47 AM

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson


"One of the most important things in life is what Judge Learned Hand described as 'that ever-gnawing inner doubt as to whether you're
12811081, They think more money is coming and they can pay taxes with that.
Posted by ndibs, Thu May-21-15 08:16 AM
They have shady accountants.
12811100, They dont get W-2 paychecks
Posted by DaHeathenOne76, Thu May-21-15 08:28 AM
They get 1099 payments and have not set up LLC or Corporations
They dont make as much money as yall think they do
They have entourages and like to have cash in their hands to floss
And they have a tendency not to listen to their accountants and lawyers

Yall gon chill on the shady accountant talk. . .

*speaking from experience with a B List personality
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. . . If I have something to say when there is a reason involved, I am perfectly willing to talk. Katherine Hepburn